Media: Britain intends to increase LNG purchases from the United States

Media: Britain intends to increase LNG purchases from the United States

According to British media, the UK government is in discussions with a number of American businesses about importing huge quantities of liquefied natural gas from the US.
According to sources cited by the British “Sky News” channel, Cheniere Energy and Venture Global Lng are two companies that Britain is interested in obtaining liquefied gas supplies from.
According to the sources, any potential agreement would cost hundreds of millions of pounds over at least two years.

In the past year, reservoirs in the British portion of the North Sea were used to extract nearly 50% of the gas sold on the British market.
Norway was the United Kingdom’s biggest provider of imported gas. The liquefied gas share was about 17% of imported gas, and the largest part of it from Qatar, the United States and Russia.
3. was imported by Britain.

In 2021, Britain will import 12 billion cubic metres of gas from Russia, or 4% of its total consumption. However, last June, Koasi Quarting, the country’s then-minister of business and energy, said that Britain will buy 75% less gas from Russia in 2022 than it will in 2021.

On September 8, the new prime minister Liz Terrace unveiled her government’s plan to combat the energy problem, which includes restarting shale gas extraction, keeping power rates until 2024, and issuing new licences to produce gas from the North Sea.
Origin: Tas.

Britain wants to buy more LNG from the United States, according to the media.

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Economics