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Markets & Forecasts

The UK facing growing need for LNG

The UK’s import dependency is set to rise over the next five years - at a time when the share of LNG in the country’s import mix is also set to grow The UK’s import dependency is set to rise over the next five years - at a time when the share of LNG in the country’s import mix is also set to grow.
By Catriona Scott 17 October 2019 Europe & Russia / Supply & Demand 0 34684
The share of LNG in the UK’s gas import mix is expected to continue to be comparatively high even as the global LNG market tightens. (BG Group)

UK gas production and demand are forecast to fall between now and 2025. However, the declines in consumption will be comparatively moderate, and the country is expected to become increasingly dependent on imports to meet market needs. Where the gas will come from and how it will be sourced will become a question of growing importance for the UK’s security of supply.

Demand – more imports will be needed

UK gas demand is forecast to be around 79 billion cubic metres in 2019, down by around 2%...