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Britain’s increasing reliance on energy imports as the North Sea’s oil and gas wealth declines has been highlighted by the diplomatic crisis Engulfing Qatar.
Nearly a third of the UK’s gas imports are from the tiny Gulf state. the world’s largest producer of liquefied natural gas (LNG). which it ships to Europe and Asia. including to its three biggest customers: JapanIndia and South Korea.
Qatar’s transport links were severed by Saudi Arabia. the United Arab Emirates. Egypt and several other countries on Monday over Doha’s alleged funding of extremist groups. Ports. including refueling hub Fujairah in the UAE. have been closed to Qatari-flagged ships raising concerns over cost hikes and delays to shipments.
A few decades ago. this would not have mattered to the UK. Britain was self-sufficient in gas from the North Sea until 2004 but declining domestic production means that 60% of gas is now imported. National Grid. which operates Britain’s energy networks. believes the reliance on imports could reach 93% by 2040. This means the Qatar dispute inevitably raises concerns.
