UK 2014 LNG imports rise

The UK’s 2014 LNG imports were 20.7 percent higher, whereas pipeline imports were 19.2 percent lower as compared to the year before.

The increase in LNG imports in 2014 was driven by a sharp fall in the price of the chilled gas, particularly during Q3 2014, according to data by the Department of Energy & Climate Change (DECC).

Total gas imports were lower by 10.8 percent in 2014, whilst net imports were 18.0 percent lower than 2013.

LNG imports accounted for 26.6 percent of total imports in 2014, compared with around a fifth in 2013.

In 2014, gas demand fell by 9.2 per cent. A large component of that was the decrease in domestic use (down 16.7 per cent) reflecting significantly warmer temperatures during 2014, DECC said.

There was a 1.5 percent increase in gas used for electricity generation reflecting a decrease in coal generation and lower wholesale gas prices.

 

LNG World News Staff; Image: DECC

 

 

 

 

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
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

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >