The UK Natural Gas Crisis of 2022

1 year ago
10

Did you know that in just four months, the UK spent £60 billion importing gas to stave off a winter energy crunch? That's a staggering amount of money, especially when you consider that in the whole of 2021, the UK brought in less than £20 billion of gas.

But why is the UK in this situation? Well, the government decided to ban fracking years ago, which means they no longer have enough locally produced natural gas. Instead, they had to buy natural gas from a rogue enemy state, namely Russia. And when Russia attacked Ukraine, the sanctions that followed reduced the UK's access to the natural gas they needed for the winter.

The lack of access to natural gas forced the UK to buy LNG on the open market, which is a lot more expensive and produces more CO2 emissions worldwide than drilling and producing the needed natural gas locally. It seems that the UK parliament made some very bad decisions for their country and the climate as a whole.
https://notalotofpeopleknowthat.wordpress.com/2023/02/08/the-price-of-britains-mad-fracking-ban/

Let's hope that in the future, the UK can transition to sources of energy that are at least as environmentally friendly and just as reliable and low-cost as locally produced natural gas.

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