The 350m Varga is expected to dock at Milford Haven in Wales to supply Britain with 266,000 cubic metres of liquefied natural gas (LNG). Another tanker, the Mekaines, docked at the Isle of Grain in Kent yesterday. Both vessels have come from Qatar. Together they carry enough gas to meet Britain’s needs for just 12 hours.
The continuing wintry weather had depleted gas reserves to about 10 per cent of capacity – enough to supply the country for just 36 hours. Stored gas is used as a back-up, so low reserves do not mean an imminent blackout. The Government has insisted gas supplies will not run out despite the extended cold snap. The Energy minister, John Hayes, has admitted that storage levels are low and has also told the National Grid to increase the flow of gas from Norway and the North Sea.
The country is currently working at 40 per cent above its usual gas capacity for this time of year and the price of gas hit record levels of 150p per therm (100 cubic metres) on Friday after a key pipeline between the UK and Belgium temporarily broke down.
Increasing gas insecurity has made the UK an attractive market for Qatari gas.