LNG exporters’ interest in UK’s market grows

LNG exporters' interest in UK's market grows

United Kingdom could be a profitable ground for LNG exporters as the gas price difference with Asia has shrunk to its narrowest since the nuclear crisis. 

Asian spot LNG prices hold about a 50 cent premium per million British thermal units to British prices, compared to a $10 premium earlier in the year, reports Reuters. Due to that fact, industry specialists think that many exporters might opt to bring their cargo to the UK due to a shorter distance.

It is also expected that Nigeria, Qatar and Trinidad and Tobago could all increase the number of cargoes they send to the UK.

Other industry sources see UK’s market as the biggest in northwest Europe with the liquidity that enables it to attract the lion’s share of LNG imports into the region.

Imports of liquefied natural gas into the UK have already risen to 3,681 million cubic meters in the third quarter, as Department of Energy & Climate Change reported.


LNG World News Staff; Image: BG Group

Share this article

Follow LNG World News

One thought on “LNG exporters’ interest in UK’s market grows”

Comments are closed.


<< Sep 2019 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >