Jackdaw project approval could soften UK gas prices

Falling North Sea production not only increased UK market exposure to events affecting global LNG chokepoints – such as the Strait of Hormuz – but could also have a costly effect on British infrastructure, said Dan Marks, energy security research fellow at the Royal United Services Institute. “For example, [it] potentially changes the flow of the UK gas system – from north to south to south to north – which incurs a cost to upgrade infrastructure,” Marks said.