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Novatek gains share of UK LNG import market

Russia’s Novatek has gained a foothold in importing LNG to the UK but will likely face strong competition from US exporters Russia’s Novatek has gained a foothold in importing LNG to the UK but will likely face strong competition from US exporters.
By Andreas Walstad 5 April 2019 Europe & Russia / LNG 0 34110
The Dragon LNG terminal in the UK. (Dragon LNG)

Russia’s Novatek gained a foothold in UK LNG imports last year, according to figures from the UK government. The UK imported around 17% of its LNG from Russia in 2018 compared with none the year before, while imports of LNG from Qatar and piped gas from Norway fell on an annual basis, new data shows.

Qatar still provides the largest share of the UK’s LNG imports, supplying 55% in 2018, but is seeing increasing competition from the Novatek-led Yamal LNG project in the Russian Arctic. Yamal’s...