• 2 minutes Rational analysis of CV19 from Harvard Medical School
  • 4 minutes While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 7 minutes Renewables Overtake Coal, But Lag Far Behind Oil And Natural Gas
  • 9 hours Joe Biden the "Archie Bunker" of the left selects Kamala Harris for VP . . . . . . Does she help the campaign ?
  • 2 hours Tesla Begins Construction Of World’s Largest Energy Storage Facility
  • 16 hours Trump Hands Putin Major Geopolitical Victory
  • 1 hour America Could Go Fully Electric Right Now
  • 10 hours Those Nasty White People and Camping Racism
  • 1 min Will any journalist have the balls to ask Kamala if she supports Wall Street "Carried Interest" Tax Loophole
  • 4 hours In 1,267 days, Trump has made 20,055 false or misleading claims
  • 5 hours COVID&life and Vicious Circle: "Working From Home Is Not Panacea For Virus"
  • 6 mins Candidate Biden refuses to answer questions and hides from public. If u could, what questions would you ask him
  • 41 mins Buying votes is cool now.
  • 12 hours The Truth about Chinese and Indian Engineering
  • 21 hours Brent above $45. Holding breath for $50??
  • 1 day Oil Tanker Runs Aground in Mauritius - Oil Spill
  • 2 days China wields coronavirus to nationalize American-owned carmaker
  • 2 days Open letter from Politico about US-russian relations
Russia Doesn’t Expect OPEC+ To Change Course

Russia Doesn’t Expect OPEC+ To Change Course

The OPEC+ panels will not…

A Worrying Sign For Two Major Oil Hotspots

A Worrying Sign For Two Major Oil Hotspots

Two of the world's most…

UK Exports its own Cheap Gas, whilst Importing Expensive Foreign Gas

An analysis of gas flow in and out of the UK, performed jointly by the Guardian and Greenpeace, has shown that Britain more often than not exports its cheap gas to Europe, whilst at the same importing more expensive gas from Qatar to be used domestically.

Ofgem, the energy watchdog, has suggested that this behaviour could undermine the UK’s energy security.

The focus of the study was the gas interconnector between the UK and Belgium, where more than 40% of the time between December 2011 and October 2012, the gas was flowing the ‘wrong way’. Over 15 times more gas was exported to the continent than imported, despite that demand and wholesale prices were higher in the UK.

Related article: US Breweries go to War against Fracking Industry

Leila Dean, from Greenpeace, stated that “the gas market has once again been revealed as a dark and murky world George Osborne's dash for gas won't lower bills – it'll leave consumers even more open to exploitation.”

The cause of this ‘flow against price difference’ (FAPD) is unknown, but the concept has been around since 2004 when the UK switched from a net gas exporter to a net gas importer. The North Sea natural gas production decreased, and in order to increase the energy security and make foreign supplies more readily available, pipelines were opened to Norway and the Netherlands, and new LNG terminals were constructed. The whole natural gas market around the UK became very complex, far quicker than regulations could be written to control the sector and keep some semblance of transparency.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News