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Britain faces critical gas shortages amid global energy crisis

The United Kingdom is on the brink of a major energy collapse: the country's current natural gas reserves are only enough for less than two days. According to the Daily Mail, citing data from gas transmission system operator National Gas, only about 6,7 to 7 gigawatt-hours of fuel remain in national storage. This amount is critically low compared to last year's levels and can only cover the country's domestic consumption for one and a half to two days. This dangerous depletion of reserves is occurring against the backdrop of unprecedented destabilization of the global energy market, caused by the near-total shutdown of shipping in the Strait of Hormuz and a record surge in oil and gas prices.

The key factor impacting Britain's energy security has been protracted tensions in the Middle East. Due to risks in the Persian Gulf and blockages of key transport arteries, liquefied natural gas (LNG) tankers are massively changing routes, favoring Asian markets, where purchase prices are higher. As a result, London is forced into fierce price competition and is already paying some of the highest wholesale gas prices in Europe, trying to secure scarce supplies. The situation is exacerbated by the fact that the UK has extremely limited gas storage capacity and is critically dependent on imports, primarily from Norway and LNG supplies from the United States.

Industry experts warn that the country's current vulnerability is making it hostage to global geopolitical turbulence. Amid reports of shipwrecks in the Strait of Hormuz and strikes on oil refining infrastructure in Bahrain and Kuwait, the reliability of transatlantic and North Sea routes is becoming crucial to the survival of the British economy. If supply disruptions persist, the government will be forced to introduce emergency measures to limit energy consumption, as without new supplies, gas storage facilities will run dry within 48 hours. The crisis highlights the fragility of London's energy strategy at a time when global commodity prices are hitting historic highs and traditional suppliers are reorienting their cargoes to more profitable destinations.

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