The UK uses relatively little Russian gas, but it still accounts for about 6% of total imports, and about 4% of UK gas demand, having risen from almost none in 2017, according to analysis of government data by the Energy and Climate Intelligence Unit (ECIU).
Much of Britain’s gas comes from the North Sea and Norway.
But if the UK continues to import Russian gas at that level, it could spend £2.3billion on Russian gas this year, equivalent to £6.3million per day, based on today’s wholesale gas price of about £68/MWh, ECIU said.
