UK Gas Reserves are Running Low

UK Gas Reserves are Running Low

Assessment

Interactive Video

Business

University

Hard

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The video discusses the increasing value of gas arriving at a Norfolk plant, which is crucial for the National Grid. An unexpected shutdown led to a market price surge, highlighting the importance of a steady supply. The coldest spring in 50 years has increased gas demand by 20%, depleting reserves from 89% to 10%. Supply issues from Norway and storage facilities compound the problem, raising concerns about price hikes affecting households and businesses. The government assures sufficient gas supply but faces criticism for delayed energy plans.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the immediate market reaction to the unexpected shutdown of the gas plant in Norfolk?

No change in market prices

A decrease in gas prices

A decrease in gas demand

A surge in market prices

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Eli Robertson unable to reduce her gas consumption?

Her house is poorly insulated

She has a large family

Her baby requires special care

She works from home

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage did gas reserves drop to due to increased demand?

50%

30%

10%

70%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of the ongoing gas supply issues?

A surplus of gas reserves

Lower household bills

Price hikes affecting businesses

Increased reliance on domestic production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action has the government considered in response to the gas supply situation?

Reducing gas exports

Building new gas plants

Switching off heating in public buildings

Increasing gas imports