RPT-UPDATE 2-UK can meet winter energy demand if Brexit happens - National Grid




  • In US
  • 2019-10-10 11:14:37Z
  • By Reuters

(Repeats with new media slug, text unchanged)

By Nina Chestney

LONDON, Oct 10 (Reuters) - Britain will be able to meet energy demand this winter even if it leaves the European Union, but could need regular supplies of liquefied natural gas, National Grid said on Thursday.

The United Kingdom is due to leave the EU on Oct. 31 but it is still unclear on what terms it will exit or indeed whether it will become the first sovereign state to depart the bloc.

National Grid, which operates the UK power network, expects Britain's power links with Europe, called interconnectors, to continue to flow but in the unlikely event they fall to zero there is sufficient surplus power to meet demand.

National Grid has been under scrutiny after a power outage in August affected 1.1 million electricity customers in Britain.

"We anticipate no additional adequacy or operability challenges for the coming winter as a result of the UK's planned exit from the EU," the grid operator said in its 2019/20 winter outlook report.

"Our analysis shows ... margins that are sufficient even in a scenario with no interconnector flows between the UK and continental Europe. However, the market would need to attract regular LNG supplies to the UK," it added.

Liquefied natural gas imports into Britain quadrupled during the winter of 2018/19 to 6.6 million tonnes and peaked at 1.6 million tonnes in April, a multi-year high, as supplies from the United States and Russia inundated Europe and depressed prices.

As global LNG production currently outstrips demand, National Grid said it expects to see high levels of LNG supply to Britain this winter, similar to last winter.

But high LNG flows into Europe correlate with weak demand in Asia, where top LNG buyers Japan, China and South Korea are much more dependent on the liquid gas. Should there be an unusually cold winter there, fewer cargoes are expected in Europe.

National Grid expects this winter's gas demand to be slightly higher than last winter at 52.3 billion cubic metres due to higher exports to Ireland and Europe.

Peak gas demand could be as high as 499 million cubic metres a day, greater than the highest recorded demand.

Some 23.5% of total gas demand will be for generating electricity.

The so-called de-rated margin, or surplus power margin, is forecast at 7.8 gigawatts (GW), 0.7 GW more than the forecast margin of winter 2018/19.

Peak electricity demand is expected in the first half of December and the operational surplus is also forecast to be at its lowest at this time.

However, the grid operator expects enough generation and interconnector imports to meet demand throughout the winter, it said.

(Reporting by Nina Chestney; additional reporting by Sabina Zawadzki; Editing by Dale Hudson and Toby Chopra)

COMMENTS

More Related News

Solskjaer aims dig at Liverpool ahead of Man Utd showdown
Solskjaer aims dig at Liverpool ahead of Man Utd showdown

Ole Gunnar Solskjaer could not resist a sly dig at Liverpool ahead of their clash with Manchester United on Sunday, reminding the Premier League leaders of their 30-year wait to be crowned champions. Struggling United trail their fierce rivals by 15 points but Solskjaer is keen to remind those connected

'Put players in fridge': Guardiola concerned by Man City's December schedule

Pep Guardiola fears Manchester City will need to spend "two days in the fridge" to cope with their gruelling Christmas schedule. The Premier League revealed their fixtures for December and January on Thursday and it offers little help to City.

Boris Johnson
Boris Johnson's Do-or-Die Gamble On Brexit
  • World
  • 2019-10-18 16:31:00Z

If the Brexit deal fails, then Prime Minister Johnson will be compelled by law to ask the EU for an extension.

Liverpool match can spark Man Utd revival, says Solskjaer
Liverpool match can spark Man Utd revival, says Solskjaer

Manchester United manager Ole Gunnar Solskjaer believes the visit of rivals Liverpool to Old Trafford on Sunday could help galvanize his struggling side to pull themselves out of their alarming slump. The difference in current fortunes between English football's two most successful clubs could not

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.