Future Of British Business

UK Gas Reserves Increase After War Price Spike Lures Imports

An LNG tanker docked at Grain terminal on March 7.Photographer: Chris Ratcliffe/Bloomberg

The UK added some natural gas into its storage sites in recent days, as a price surge triggered by the Middle East conflict attracted imports.

Reserves have increased more than 20% since the war began and now cover almost three days of current demand, up from roughly two days a week ago, according to data from grid operator National Gas Transmission Plc. Demand is seasonally low, helping stretch limited reserves.