# LNG fundamentally changes UK gas supply in 2019, halves NBP price

> 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.

- Date: 2020-01-06 · published 2020-01-06T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/55275-lng-fundamentally-changes-uk-gas-supply-in-2019-halves-nbp-price
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/natural-gas/010620-lng-fundamentally-changes-uk-gas-supply-in-2019-halves-nbp-price

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.