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S&P Global Platts data indicates that LNG imports have permanently changed the UK gas supply mix, with 2019 regasification up 169% year on year. Average December NBP spot prices were 50% lower than a year earlier, at 32.112 p/therm.
The UK is becoming a structural outlet for global LNG, which keeps European gas prices low and reduces energy costs. Lower gas costs in Europe support fertiliser production economics and can reduce the premium needed to attract LNG cargoes.
spglobal.comJan 6, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
