UK energy agency concerned about North Sea plans that point to future rise in LNG and pipeline gas imports
The North Sea Transition Authority (NSTA), the UK Government agency for oil and natural gas, has expressed concern about the slow pace of North Sea development plans that may mean more future demand for liquefied national gas, pipeline gas and oil imports for the UK to avert an energy crisis.
US and Algeria LNG
May 11 (LNGJ) - The 154,880 cubic metres capacity carrier “BW Pavilion Vanda” was unloading a cargo at the UK Isle of Grain LNG terminal on the Medway-Thames estuary southeast of London on May 11 from the US Corpus Christi plant in Texas. The arrival coincided with a surge in UK natural gas prices to their highest level of 2021. Another vessel, the 171,800 cubic metres capacity “Ougarta”, was also scheduled to berth with a shipment from the Arzew plant in Algeria, according to the port authorities.
The UK terminal, operated by National Grid plc, has Europe’s largest storage capacity of one million cubic metres. The two vessels arrived to discharge cargoes as the UK National Balancing Point benchmark price rose to the 2021 high, which was the equivalent of $9.05 per million British thermal units.
