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