For the primary time in six years, Europe has turned towards Australia for gas supplies, as a shipment of liquified natural gas (LNG) arrived within the UK. The Attalos gas tanker arrived on the Isle of Grain terminal in Kent, by the mouth of the Thames yesterday, as fears of a gas shortage grip the continent. European leaders are bracing themselves for a nightmarish winter amid concerns that Russian President Vladimir Putin will cut off gas supplies completely.
The EU, which imported 40 percent of its gas from Russia last yr, is in a nightmarish situation because the Russian leader has increasingly tightened natural gas supplies flowing into the fuel-starved continent.
Regardless that the UK imports little from Russia directly, a gas-starved EU could push gas prices to astronomical levels and even risk major UK suppliers like Norway redirecting their flows to the bloc.
While among the natural gas from the Australian shipment can be utilized in the UK, a majority of it’s going to likely flow into Europe through interconnecting pipelines.
These pipelines in turn could send gas back into the UK throughout the winter months when demand can be much higher.
At the same time as the remainder of Europe prepares for a difficult winter, Downing Street has dismissed concerns over being forced to ration gas or face blackouts.
A spokesperson for Prime Minister Boris Johnson told the Independent: “Households, businesses and industry may be confident they may get the electricity and gas that they need over the winter.
“That’s because we now have probably the most reliable and diverse energy systems on this planet.
“We now have access to our own North Sea gas reserves alongside regular imports from reliable partners like Norway.”