XLE & Oil
UK Seen More Reliant on Gas Imports This Winter
Readthrough summary
Britain is expected to rely more heavily on natural gas imports this winter, the UK gas-grid operator said in its winter outlook, reported by Rigzone.
North Sea output, which covers about a third of British winter demand, is forecast to drop about 5% this heating season. LNG imports are set to rise 5% and Norwegian pipeline flows 1% to fill the gap.
National Gas Transmission said supply is sufficient even under severe stress, but warned that "strong European LNG demand could intensify competition for cargoes and place upward pressure on prices."
Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Rigzone.
