Britain’s gas security needs reinforcement. Last-minute deals with Belgium are not a proper fix

Britain's gas security is still a concern, as the country imports nearly 60% of its gas. This means it relies heavily on external supplies, which can be vulnerable to disruptions. The recent deal with Belgium to maintain pipeline capacity is a temporary fix, but it does not address the underlying issue of Britain's dependence on imported gas. This lack of energy security matters for markets because it increases the risk of price volatility and supply shortages.

Why it matters

The UK's reliance on gas imports and lack of energy supply resilience pose significant risks to its energy security. The recent approval of the Jackdaw project is not enough to address these issues.

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