British gas prices are likely to become more volatile and prone to spikes over the next few years after the UK has moved from self-sufficiency to increasing dependence on imports of liquefied natural gas (LNG) from Qatar.
The latest UK government data show Qatari LNG imports were equivalent to 52 per cent of the gas consumed over the first nine months of 2011, up from 11 per cent for 2009 as a whole.
Qatar also accounted for 85 per cent of UK LNG supplies between January and November last year, with Nigeria a weak second at just 5 per cent.
No comments:
Post a Comment