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    Maritime Executive: UK Now a Net Importer of Petroleum

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Summary

Fossil fuels (petroleum and other liquids, natural gas, and coal) account for most of the United Kingdom's (UK) energy consumption.

by: Sruthi

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Press Notes

Maritime Executive: UK Now a Net Importer of Petroleum

Fossil fuels (petroleum and other liquids, natural gas, and coal) account for most of the United Kingdom's (UK) energy consumption. Although renewable energy use is growing, particularly in the electric power sector, fossil fuels accounted for 86 percent of total primary energy consumption in 2012.

Like the United States, the UK has experienced significant changes in its net reliance on imported fossil energy sources since 1970. Beginning in the 1980s, the UK first became a significant net coal importer following the removal of domestic production subsidies and trade barriers. With the opening of North Sea production, the UK became a significant net exporter of crude oil beginning in the early 1980s, but has been a net importer since 2005.

Rising North Sea production also enabled the UK to reduce its net imports of imported gas beginning in the mid-1980s. For almost a decade, the UK actually became a net natural gas exporter, before again becoming a net importer of natural gas starting in 2004 as consumption rose and production declined.
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