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    Home > Chemicals Industry > China Chemical > The price of natural gas soars in the UK in the winter or faces an energy crisis

    The price of natural gas soars in the UK in the winter or faces an energy crisis

    • Last Update: 2021-10-09
    • Source: Internet
    • Author: User
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    The recent sharp increase in natural gas prices globally has not only led to the bankruptcy of many natural gas companies in the UK, but also caused supply problems in the UK food industry



    The United Kingdom is one of the major natural gas consumers in Europe.


    Many energy suppliers in the UK that have not signed long-term wholesale price contracts have suffered huge losses due to skyrocketing natural gas prices


    The Office of Natural Gas and Electricity Markets, the UK's energy market regulator, stated that natural gas prices are “rising at an unprecedented rate” and that more energy suppliers may fail in the coming months


    The sharp increase in natural gas prices also shut down two major fertilizer plants in the UK, which resulted in a 60% reduction in the supply of carbon dioxide, a by-product of the fertilizer plants


    High natural gas prices also endanger the steel industry


    Faced with the sharp rise in natural gas prices, the British government has convened several of the country's largest natural gas supply and operating companies for talks


    Capital Global Economic Services Director Jennifer McKeon believes that supply and demand factors have contributed to the surge in global natural gas prices


    The global gas shortage is undoubtedly worse for the UK


    British Energy Association chief executive Emma Pinchbeck said that the abnormal fluctuations in the natural gas market are the result of unusual weather and unusual energy demand patterns after the epidemic.




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