A protest against the closure of Grangemouth
The death knell for UK energy security
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
The closure of the 150,000b/d Grangemouth refinery and the insolvency of the owner of 110,000b/d Lindsey refinery highlight the growing threat to the UK’s energy security posed by increased dependence on refined product imports. The UK boasted 18 operational refineries around 1970, but only four will remain after the shutdown of Grangemouth and Lindsey. This marks a sharp decline that underlines the fragility of domestic refining capacity and the country’s increasing exposure to global supply shocks. Grangemouth, built by Scottish Oils in 1924 before being bought by BP, stopped crude processing operations at the end of April. In 2023, current owner Petroineos—a joint venture between UK chemi
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
