LNG Supply and UK Gas Prices Commercial Energy Procurement
Global LNG Supply, International Competition, and the Impact on UK Gas Prices
A detailed look at how global LNG supply, international competition, and overseas demand impact UK wholesale gas prices and commercial energy costs.
20+ Years Experience
A trusted industry leader working for a diverse range of commercial customers.
20+ Years Experience
A trusted industry leader working for a diverse range of commercial customers.
20+ Years Experience
A trusted industry leader working for a diverse range of commercial customers.
LNG Supply and International Competition
Europe now relies heavily on LNG cargoes from the US, Qatar and other exporting countries. Because the UK imports a significant share of gas from global markets, pricing in Asia and the Middle East has a direct impact on UK wholesale costs.
Higher Asian demand increases the price required to attract cargoes to Europe.
Currently, LNG supply is strong, which is helping maintain stable stock levels.
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