🇬🇧🛢 Britain has just TWO DAYS' worth of gas stored up - sparking fears of a supply shortage as Iran shuts the Strait of Hormuz and bombards gas and oil refineries

The UK's gas reserves have dwindled from 18,000 GWh last year to 6,700 GWh, enough for just 1.5 days of demand, according to new data published by National Gas. There is a similar quantity stored as liquefied natural gas (LNG).

Europe is much better prepared to weather fluctuations in supply, with several weeks' worth of gas stored up.

Traders have been exploiting the UK's situation by charging it a premium price on gas, knowing it has no choice but to outbid its European competitors. The UK is now paying the highest wholesale gas price in Europe.

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