The The UK is prepared to cut off gas supplies to mainland Europe should it be hit by a severe shortage.as reported on Tuesday by Financial Times (FT).
Highlights
The UK to cut two-way interconnections with Belgium and the Netherlands in case of severe shortage.
Cutting off so-called interconnecting pipelines would be one of the first measures in the UK’s emergency plan for gas, which could kick-start National Grid if supplies fall in coming months.
European gas companies have called on the UK to collaborate with the EU and have warned that closing interconnectors could backfire if there is a prolonged shortage.
National Grid said the plan was tested annually, adding that the latest exercise would “reflect the circumstances” as Russia cuts gas exports to Europe.
Source: Fx Street
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