UK Dependence on Imported Hydrocarbons: How Important is Russia?

The arrival of the first Russian LNG supplies to the UK coincided with the deterioration of UK-Russia diplomatic relations, triggering debates over the role of Russia in UK hydrocarbon imports. Although Russia is the largest supplier of UK coal imports, coal is being phased out of UK energy consumption. Russia is just one of several substantial suppliers of crude oil and refined oil products to the UK, with levels of UK oil demand being strongly linked to developments in the UK transportation fuel mix. By contrast, natural gas is the largest source of UK heat and power generation, and underpins non-transportation sector energy consumption. UK gas import demand is currently largely met by pipeline imports from Norway and LNG imports from Qatar. However, as the UK seeks to cope with fluctuations in domestic gas demand through increased LNG imports and gas trade with north-western Europe, following the closure of the UK’s only seasonal gas storage facility, the challenge to UK energy security is not dependence on Russian gas supplies but rather increasing exposure to international gas market volatility.

By: Jack Sharples

Related Publications

Latest Tweets from @OxfordEnergy

  • M.B. Dror & F. An analyse the evolution & impact of China’s New Energy Vehicles (NEV) policy in the world’s largest… https://t.co/tvz87ySFhZ

    April 22nd

  • J Stern on EU Gas Trading in Transition: Much of European wholesale gas prices set by trading hubs which means any… https://t.co/OWV0Mp6mWE

    April 21st

  • A new OIES study reviewed by Interfax: Panama Canal is likely to reach its transit capacity for LNG tankers in the… https://t.co/cglkcnV87Z

    April 19th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.