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How can the UK run short of gas?

Despite the fact that the UK government has rushed to allay fears that UK gas supplies are in danger, we are set to see further companies suffer as prices continue to rise and supplies continue to fall. Only yesterday we saw 94 companies in the North West and Midlands have their gas supplies cut off due to a massive spike in the price of gas and ever growing concerns about Norwegian supplies. So how can the UK run short of gas?

While the authorities may well have you believe that gas cuts over the last few days are "one-offs" there is no doubt that experts fear more similar actions in the days and weeks ahead. The UK is currently in one of the coldest periods in living history with temperatures reaching -21°C in some areas of the country. Against this backdrop it is inevitable that domestic gas demand will increase, industries will require more gas and the UK will have to fight tooth and nail with other countries to secure supplies.

There are also fears that short-term price rises could filter through into the consumer and business markets crippling many people and businesses who are already struggling to cover their monthly bills.

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