#REFINED STORAGE EXPORTER VS IMPORTER DOWNLOAD#

Natural gas has been Norway's largest exported commodity in 2022, and the UK is one of four export destinations, alongside Germany, France and Belgium.

Natural gas in gaseous state is imported via pipeline, primarily from Norway, with small amounts from Belgium and the Netherlands. The UK's gas imports are primarily natural gas, in either a liquefied or gaseous state.

#REFINED STORAGE EXPORTER VS IMPORTER DOWNLOAD#

Figure 3: The UK primarily imports gas from Norway, and exports gas to Ireland Top five import and export partners, natural gas, 2021Įmbed this interactive Copy Download the data Almost half of the UK's gas exports in 2021 were to Ireland (47.2%), and the Netherlands was also a large export partner (28.2%). Other countries the UK imports gas from include Qatar, the United States and Russia. In 2021, the UK imported £14.5 billion of gas from Norway, which accounted for 77% of all gas imports (Figure 3). Norway is typically the UK's largest gas supplier. The UK imports around 50% of its gas from the international market and most homes in England and Wales are heated by mains gas supply. Gas is also used to fuel around a third of the UK's electricity generation, so rising gas prices will usually lead to rising electricity prices. Additionally, higher gas demand in Asia as part of a shift away from dirtier fuels such as coal, supply constraints and lower than usual gas storage levels in Europe have also pushed prices up. Domestic renewable energy production was low in 2021 (PDF, 4.1MB) because of less favourable weather conditions, resulting in higher gas demand for electricity generation. The trade in gas has been consistently high since the latter half of 2021, as global gas demand increased following the conclusion of many of the strictest coronavirus (COVID-19) pandemic restrictions. The UK exported £3.4 billion of gas in 2021, increasing by 167% from £1.3 billion in 2020. The UK imported £19.6 billion of gas in 2021 a notable increase of 312% from £4.8 billion in 2020.

Refined storage exporter vs importer