Energy crunch: UK's largest gas supplier warns output is at capacity

The majority state-owned Norwegian firm typically provides the UK with 25% of its annual natural gas needs. Pic: EquinorThe boss of the UK's largest gas supplier, Norway's Equinor, has warned it will be difficult to further increase output after ramping up production last year to help fill the void in Europe's stocks amid Russia's war in Ukraine.

While the UK is a net exporter of gas during the warmer months of the year, the country typically relies on Norway for 25% of its annual demand due to a lack of storage capacity. Challenges over the past few months have included a slow return to output at many French nuclear plants. The chief executive's remarks are important as Europe braces again to restock depleted supplies ahead of the next winter.While wholesale costs have fallen across the continent from the peaks seen at the end of last summer, prices could yet rise again in the coming months.

Don't you think these operators are operating at full capacity as it is. Thats what they there for!

Setting up the argument for the next price rise

more fear mongering. fo.

While still taking in huge profits.

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