Will the UK Run Out of Gas? Reacting to Jacob Rees-Mogg
- Joshua H
- 20 hours ago
- 2 min read
The UK is facing a precarious energy situation this winter. In this video, I react to Jacob Rees-Mogg’s assessment of the UK's gas storage crisis and domestic production decline. We dive deep into why the Rough storage field is empty, the impact of North Sea production drops, and why the UK is now so dependent on US LNG.
With the Ormen Lange field underperforming and global supply routes like the Strait of Hormuz facing disruptions, what happens if the UK faces a "Dunkelflaute"—a cold, dark, and windless winter?
I discuss the economic risks, the "postcode lottery" for power cuts, and why gas prices in the UK are currently a multiple of those in the US.
In this video, we cover:
The current state of UK gas storage and domestic production.
The risks of dependency on US LNG and international supply lines.
How energy policy is impacting both gas and electricity prices.
The potential for a "polar vortex" disruption and its impact on supply.
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Are you worried about UK energy security this winter? Let me know your thoughts in the comments!
Timestamps
0:00 - Introduction: Reviewing Jacob Rees-Mogg on UK Gas
0:38 - The Crisis of Empty Gas Storage (Centrica & Rough Field)
1:22 - UK Domestic Production vs. Germany’s Storage
1:56 - What Happens if the UK Runs Out of Gas?
2:54 - Norway Supply Issues & US LNG Dependency
4:10 - The Risk of Winter Blackouts & "Dunkelflaute"
5:25 - The Decline of North Sea Production
6:41 - Ormen Lange Field Outage (Feb 2027 Outlook)
7:34 - The Role of Fracking & North Sea Drilling
8:23 - Strait of Hormuz Disruptions & Qatari Gas
9:28 - Price Comparison: UK vs. US Natural Gas
11:12 - Why Gas Prices Drive Electricity Costs
12:41 - Long-term Solutions & Energy Security
13:41 - Weather Risks: El Niño & The Polar Vortex
14:22 - Closing Thoughts
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