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Russian gas dispute puts European supply at risk

This story is about a dispute between Russia and Ukraine. This has the potential to affect UK gas supplies through the interconnector. It has the potential to reduce our supplies by 25 mcm/d.

That, of course, would cut into Medium Term Storage and possibly short term storage.

LTS withdrawals are continuing apace even though demand is relatively low for the temperature at about 370 mcm/d.

I have set up another blog at GasIssues.blogspot.com to transfer that particular issue to the other blog.

This will enable me to avoid one issue dominating this blog. To be fair if we do hit the buffers on this (which I would say is still a 50:50 chance) then it will have a massive impact on the UK. Even now substantial economic damage is being done. Hence I make no apologies for being concerned about the tightness of the gas supply demand balance even though I am still doing a lot of other things.

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