UK’s LNG imports double
The UK’s imports of liquefied natural gas doubled to 3,681 million cubic meters in the third quarter of 2014, compared to the same period last year.
Faced with slumping LNG demand in Asian markets, Qatar shipped more cargoes to Britain, deepening the seasonal price drop.
The monthly average LNG spot price in July was almost half that of July 2013, according to data by the Department of Energy & Climate Change (DECC).
LNG imports from Qatar comprised 96 percent and 87 percent of total LNG imports for the period in 2014 and 2013, the data said.
Pipeline imports fell across the board, with Norwegian imports down 17.7 percent, largely due to planned maintenance (on Vesterled and Langeled).
Total imports of natural gas into the UK increased by 14.4 percent in the third quarter.
LNG World News Staff; Image: Dragon LNG