2015 UK gas imports to reach $11bn, says Reuters

The UK's natural gas imports will add more than $11bn to import costs by 2015, Reuters reported on Wednesday 19 September. Analysis from Reuters said the UK's domestic supply production will drop to around 16bn cm in 2030 if volumes continue to fall at a 5% annual average. But demand is set to remain between 85bn cm and 95bn cm. Exports from Norway are not expected to be able to keep up with rising demand for exports and the UK will have to rely on increasing LNG imports or unconventional gas reserves. The research also claimed declining domestic production will result in the UK needing to roughly double its imports from alternative gas sources by 2030, increasing them by 2.25% a year in order to meet annual gas demand.
Reuters