Monday, 06 February 2017 09:35

UK, Ireland face issue of gas “foreign dependency” post-Brexit: OIES

“Foreign dependency”: Post Brexit vs 2015 EU-28 situation [source: OIES' "Brexit’s impact on gas markets" report] “Foreign dependency”: Post Brexit vs 2015 EU-28 situation [source: OIES' "Brexit’s impact on gas markets" report]

Brexit is likely to exacerbate the issue of “foreign dependency” on gas supplies for both the UK and Ireland, amid decreasing North Sea gas production, a paper by the Oxford Institute for Energy Studies argued.

“From being hardly foreign dependent at all, the UK and Ireland would become respectively 42 and 97 per cent dependent on foreign gas” OIES's Thierry Bros pointed out.

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