Today: Monday, 6 February 2023 year

Britain wants to conclude a long-term agreement on the supply of LNG from the United States

Britain wants to conclude a long-term agreement on the supply of LNG from the United States

The UK is seeking to secure long-term – up to 20 years – supplies of liquefied natural gas (LNG) from the US ahead of a winter energy crisis that threatens to undermine the country’s economy.

British government task force is asking LNG exporters to supply domestic buyers under 20-year contracts, experts say.


As noted, the requests from the British government came six months after then-Energy Secretary Kwasi Kwarteng visited Washington, where he met with US developers of LNG export capacity.


It is not yet clear what volumes of LNG supply the UK is trying to negotiate. According to people familiar with the situation, officials are seeking to purchase LNG indexed to the price of Henry Hub gas and delivered on terms that require the seller to deliver the cargo to a specific buyer and location.

Britain and other European countries routinely import LNG from Qatar, the US and Peru. Deliveries from the Asia-Pacific region are rare due to the economic inexpediency of a long journey and high demand in the Asia-Pacific region itself.