With Government crisis plans warning of winter blackouts due to fuel shortages, Simon Tucker, Global Head of Energy, Utilities & Resources at Infosys Consulting, said:
“Rationing can’t be ruled out in the colder months. This will impact everyone, but especially energy intensive industries like car makers, chemical companies and cryptocurrency mining.
“Fundamentally, there is huge demand for natural gas and especially liquid natural gas (LNG) in Europe. Even with a large increase in shipments of LNG from the Middle East and North America, supply is still limited and particularly cold spells in winter pose a serious risk.
“The UK and EU countries must look at every way possible to reduce energy use and improve supply. Crucially, countries need to accelerate the modernisation of their own infrastructure. Mass deployment of low-carbon, domestic energy alternatives like mini nuclear reactors and community renewables is not just a “nice to have”, it’s an imperative if we are to come out of this crisis stronger.”
