Montel News - Energy Insights
UK finds solace in LNG, but risks remain
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LNG is a vital part of the UK’s energy mix, particularly following the recent closure of its last coal-fired plant and amid diminishing domestic gas production. But while early forecasts show the likelihood of a mild start to winter, the country’s heightened reliance on LNG still poses certain challenges, such as competition from global markets, unpredictable weather conditions and limited storage capacity.
Reporting by: Laurence Walker, Deputy Editor-In-Chief, Montel. Contributors: Robert Songer, LNG Market Analyst, ICIS; and Lucy Cullen, Head of Europe Gas and LNG Markets, Wood Mackenzie.
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