Reply To: Drop in energy prices, how much are you paying now?

#225617
Berty
Participant

    Don’t forget the UK has three huge LNG terminals. The UK produces natural gas indigenously from the North Sea in the form of methane, and has imported LNG since 2005 from Qatar, United States and Nigera been our main suppliers. The UK 18.7 bcm of LNG in 2019 and has increased since it lost its main nest egg Russia. I’m not saying wholesale price isn’t going to increase, which it will now the EU has to source it from, outside Russia!

    Yup, we are lucky that British Gas maintained LNG storage, they use the old gas reservoirs as storage now.

    Currenly the EU has no means to accept LNG from tankers, it is brought to  UK reservoirs and piped to Europe.

    Germany was in a great hurry last year to build an LNG port for taking gas from tankers, they didnt like gas being unloaded at a UK port and then trasnfered…lol.