POLICY PLATFORM: UK well positioned to take advantage of global gas glut

 

Ben Wetherall
Ben Wetherall

By BEN WETHERALL

A major shift in global gas pricing in recent months has seen Asian spot prices fall to close to British wholesale levels for the first time in nearly five years, bringing more liquefied natural gas (LNG) back to the UK and leaving the country well positioned to capitalise on any further shift in global supply flows.

The UK’s growing import-dependence means that it is increasingly connected to global gas price fluctuations.

This means that, for the likes of Centrica and E.ON, both of which have flexible supply contracts with Qatar, the UK could prove a more attractive LNG import option through 2015 and 2016, or at least a more viable market of last resort than has been the case in previous years.

Read the full POLICY PLATFORM article at Scottish Energy News:  – http://goo.gl/6UQhmB

 

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