UK LNG Imports Soar as Norwegian Gas Production Set to Decline Year-on-Year

Monday, 16 December 2019

We see higher gas demand and supply volatility in the UK and a greater role in LNG smoothing out pipeline supply shortfalls

UK LNG imports are likely have grown by 39.6% year-on-year by 31 December, the latest data of our LNG Market Tracker shows. We currently expect December LNG imports in the region of 4 million m3. Although to a large extent this increase in LNG imports is due to ample supply from the United States at times when overall demand growth in Northeast Asia is slowing, there is also an underlying issue of falling European pipeline gas supplies and associated foreign supply volatility.


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