The impact of Russian gas on UK energy markets

GCMA Associate Partners Inspired Energy have provided a short explanation on how Russian gas affects the UK energy markets...

The UK only receives around 5% of its gas supply from Russia, which means that restrictions to Russian gas do have a direct impact on UK energy markets. However, the real impact of a restriction in Russian gas supplies is an indirect one: it causes stronger competition for gas supplies from other sources. A key importer of gas to both the UK and to the EU is Norway, who supply around 1/3 of the UK’s gas supply. Other key suppliers are Belgium and the Netherlands. If gas supplies from Russia are restricted then European nations are forced to turn to other gas suppliers e.g....
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