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UK gas prices to jump as Qatar rules supply – British reliance on LNG imports rises

Kuwait Times -- British gas prices are likely to become more volatile and prone to spikes over the next few years after the UK has moved from self-sufficiency to increasing dependence on imports of liquefied natural gas (LNG) from Qatar.

The latest UK government data show Qatari LNG imports were equivalent to 52 percent of the gas consumed over the first nine months of 2011, up from 11 percent for 2009 as a whole.
Qatar also accounted for 85 percent of UK LNG supplies between January and November last year, with Nigeria a weak second at just 5 percent. Britain’s gas market is exposed to diversions of Qatari ships to countries that pay more, to shipping restrictions or unplanned outages on production facilities.

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Submitted Feb 03, 2012 By: NO_SWEAT

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honda0105 Champion Author Tallahassee Posts:15,957 Points:1,245,100 Joined:Nov 2008	Message Posted: Feb 7, 2012 3:53:13 AM Ignore honda0105 Report Abuse to where? Qatar or the UK, carni? The UK Is getting slammed already.
carnifolks Veteran Author New Jersey Posts:354 Points:352,385 Joined:Sep 2006	Message Posted: Feb 6, 2012 9:56:26 AM Ignore carnifolks Report Abuse we should send some of our "winter" over there
honda0105 Champion Author Tallahassee Posts:15,957 Points:1,245,100 Joined:Nov 2008	Message Posted: Feb 6, 2012 3:55:20 AM Ignore honda0105 Report Abuse doesn't help that it's another extreme winter there.
N5EXY Champion Author Austin Posts:3,704 Points:1,147,920 Joined:Jul 2004	Message Posted: Feb 4, 2012 7:53:24 AM Ignore N5EXY Report Abuse We expected the opposite?
pse91 All-Star Author Calgary Posts:612 Points:279,665 Joined:May 2011	Message Posted: Feb 3, 2012 10:25:28 PM Ignore pse91 Report Abuse See how Kuwait is setting up the UK for there hike in LNG pricing. When you talk long enough people just put up with it and pay through the nose.
LostToo Champion Author Illinois Posts:3,606 Points:816,550 Joined:May 2009	Message Posted: Feb 3, 2012 10:21:47 PM Ignore LostToo Report Abuse Why are we letting the Brit's buy liquefied natural gas (LNG) from Qatar? We should be selling it to them. The USA and Canada and the UK should all be working together and put those middle east suckers out of bizness.
Ahking Champion Author Orange County Posts:1,986 Points:325,200 Joined:May 2011	Message Posted: Feb 3, 2012 10:16:45 PM Ignore Ahking Report Abuse So, one day, Qatar can buy the UK with the pounds they get? What a change in fortune. Hope they find a way out soon enough.
Throroughbred Champion Author Cleveland Posts:1,031 Points:1,210,745 Joined:Jun 2007	Message Posted: Feb 3, 2012 10:00:05 PM Ignore Throroughbred Report Abuse When you depend on others you have a tendency to have it stuck to you.
my2002m Champion Author Tulsa Posts:4,244 Points:1,306,195 Joined:Jul 2008	Message Posted: Feb 3, 2012 10:00:02 PM Ignore my2002m Report Abuse And prices are volatile everywhere.
DrCashFlow Champion Author Massachusetts Posts:5,271 Points:1,269,225 Joined:Jun 2008	Message Posted: Feb 3, 2012 9:58:56 PM Ignore DrCashFlow Report Abuse No surprise
DustyHorse Champion Author Virginia Posts:4,485 Points:1,070,745 Joined:Oct 2008	Message Posted: Feb 3, 2012 9:57:58 PM Ignore DustyHorse Report Abuse Have they tried fracking?
Bonnie24TX Rookie Author El Paso Posts:36 Points:4,665 Joined:Jan 2012	Message Posted: Feb 3, 2012 9:56:54 PM Ignore Bonnie24TX Report Abuse The civil free world Christian countries should have never started negotiating with the radical, greedy ungodly countries in the first place. Perhaps if we had negotiated with only the ones who respect and believe as we do (or did when we became a country), we would not be in this mess nor have to be concerned about what the America-hating countries are doing about gas and other imports and exports. It's never too late to ask God for forgiveness, and turn from our wicked ways. God said He would forgive our sins and heal our land. There is still hope.
bonzoonfmb All-Star Author Florida Posts:534 Points:354,225 Joined:Feb 2010	Message Posted: Feb 3, 2012 9:56:46 PM Ignore bonzoonfmb Report Abuse Free market society.
vibdata Champion Author Massachusetts Posts:2,963 Points:625,710 Joined:Nov 2005	Message Posted: Feb 3, 2012 9:53:24 PM Ignore vibdata Report Abuse At least BP's destruction of the Gulf of Mexico didn't translate to lower Brit Gas prices.
Beaveronparade All-Star Author Hartford Posts:959 Points:290,525 Joined:Mar 2011	Message Posted: Feb 3, 2012 9:53:08 PM Ignore Beaveronparade Report Abuse Sounds like they need to become self sufficient just like we do.
bif65 All-Star Author Virginia Posts:768 Points:135,575 Joined:Jan 2011	Message Posted: Feb 3, 2012 9:52:13 PM Ignore bif65 Report Abuse ok
mstearno Champion Author Dayton Posts:6,351 Points:1,385,485 Joined:Jan 2008	Message Posted: Feb 3, 2012 9:48:04 PM Ignore mstearno Report Abuse bomb qutar
Holly123 Champion Author Charlotte Posts:1,596 Points:437,705 Joined:Dec 2010	Message Posted: Feb 3, 2012 9:46:29 PM Ignore Holly123 Report Abuse I don't know what to believe ...
ratones1 Champion Author Los Angeles Posts:1,589 Points:390,755 Joined:Mar 2011	Message Posted: Feb 3, 2012 9:34:31 PM Ignore ratones1 Report Abuse hhhhhhhhhhhhhhhhhhhum...
lightninjack Sophomore Author Ohio Posts:173 Points:13,570 Joined:Dec 2011	Message Posted: Feb 3, 2012 9:31:25 PM Ignore lightninjack Report Abuse Who cares...the worlds ending in a few months anyway!!
MidNJ Champion Author New Jersey Posts:5,458 Points:839,200 Joined:Sep 2009	Message Posted: Feb 3, 2012 9:26:28 PM Ignore MidNJ Report Abuse Not only is it "Fascinating", I find it "amazing" that so many continue to believe that the mantra, "Drill baby Drill" will lower oil prices. Say it again everyone, "Drill, baby Drill" and again, Drill baby Drill, and again, Drill, baby Drill, and again, and again, and again, Drill baby Drill! Keep believing in the mantra, "Drill, baby drill" and maybe, just maybe we will achieve energy price "nirvana".
a14morfun Champion Author Ontario Posts:9,703 Points:1,725,160 Joined:Jul 2005	Message Posted: Feb 3, 2012 9:26:18 PM Ignore a14morfun Report Abuse Maybe the Brits ought to ask the Yanks if they can buy their Natural Gas from them instead. Just a thought.
us4usa Champion Author Missouri Posts:4,418 Points:779,085 Joined:May 2008	Message Posted: Feb 3, 2012 9:16:02 PM Ignore us4usa Report Abuse Lukus: If the US were to see the prices being paid in the UK they would be shocked. Why would we care about the price of rice in China??? We DO NOT...
clermont40miles Champion Author Cincinnati Posts:8,169 Points:1,409,700 Joined:Apr 2008	Message Posted: Feb 3, 2012 9:15:30 PM Ignore clermont40miles Report Abuse This is what happens when a nation is not self-sufficient and has to beg. Hear that Washington DC? Stop shutting down our domestic production.
Lukus Champion Author Halifax Posts:6,524 Points:1,318,340 Joined:Nov 2007	Message Posted: Feb 3, 2012 9:03:51 PM Ignore Lukus Report Abuse If the US were to see the prices being paid in the UK they would be shocked.
camel1 Champion Author Minnesota Posts:6,522 Points:1,914,715 Joined:Jul 2006	Message Posted: Feb 3, 2012 9:02:18 PM Ignore camel1 Report Abuse Dependance on imports leaves the UK at the mercy of foreigners. It is not good
SparkieMi Champion Author Kalamazoo Posts:1,444 Points:234,430 Joined:Sep 2011	Message Posted: Feb 3, 2012 9:01:26 PM Ignore SparkieMi Report Abuse I wonder if Britain has lobbyist like the USA????
GasCzarCO All-Star Author Colorado Springs Posts:973 Points:477,350 Joined:Mar 2010	Message Posted: Feb 3, 2012 8:59:55 PM Ignore GasCzarCO Report Abuse Not good news.
kelly1016 Champion Author Victoria Posts:1,091 Points:190,120 Joined:Oct 2011	Message Posted: Feb 3, 2012 8:58:13 PM Ignore kelly1016 Report Abuse Oh well...
sillywagon Champion Author New York Posts:11,708 Points:1,077,595 Joined:Oct 2008	Message Posted: Feb 3, 2012 8:55:35 PM Ignore sillywagon Report Abuse No mention on why such a drop in UK's domestic natural gas production since 2009?
carman11 Champion Author North Carolina Posts:1,449 Points:326,670 Joined:Jun 2011	Message Posted: Feb 3, 2012 8:51:50 PM Ignore carman11 Report Abuse OK
LilRedWagonIN Champion Author Indiana Posts:5,927 Points:1,204,350 Joined:Oct 2008	Message Posted: Feb 3, 2012 8:49:32 PM Ignore LilRedWagonIN Report Abuse Need to find some more in the North Sea.
suzmar Champion Author Texas Posts:1,015 Points:543,270 Joined:Jun 2006	Message Posted: Feb 3, 2012 8:45:51 PM Ignore suzmar Report Abuse Maybe if Britain was dominated by the "green" they could do more exploration and be less dependent on foreign sources for their fuel.
camaro_man All-Star Author Kitchener-Waterloo Posts:601 Points:266,835 Joined:Jun 2010	Message Posted: Feb 3, 2012 8:45:39 PM Ignore camaro_man Report Abuse wow
postcard9 Veteran Author Massachusetts Posts:340 Points:255,940 Joined:May 2011	Message Posted: Feb 3, 2012 8:43:00 PM Ignore postcard9 Report Abuse $3.53 here.
skyking19 Champion Author Little Rock Posts:1,569 Points:1,418,895 Joined:Jan 2007	Message Posted: Feb 3, 2012 8:33:35 PM Ignore skyking19 Report Abuse One thing for sure it will not go down in the long term.
altima2008 Champion Author Philadelphia Posts:6,315 Points:1,375,205 Joined:Apr 2008	Message Posted: Feb 3, 2012 8:31:38 PM Ignore altima2008 Report Abuse watch our prices jump becasue of this nonsense!
drobbbb Champion Author Maryland Posts:1,913 Points:470,835 Joined:Dec 2010	Message Posted: Feb 3, 2012 8:30:25 PM Ignore drobbbb Report Abuse they need to diversify their sources
jdc17327 Champion Author Pennsylvania Posts:1,391 Points:141,870 Joined:May 2009	Message Posted: Feb 3, 2012 8:25:54 PM Ignore jdc17327 Report Abuse not good!
mastermariner Veteran Author Texas Posts:463 Points:195,225 Joined:Jun 2011	Message Posted: Feb 3, 2012 8:24:02 PM Ignore mastermariner Report Abuse When gas was first discovered in the Southern North Sea in the early 60s it the gas reserves would only last 20 years, so they have had a good run for their money.
AKmailman Champion Author Alaska Posts:3,799 Points:1,197,000 Joined:Jul 2004	Message Posted: Feb 3, 2012 8:20:35 PM Ignore AKmailman Report Abuse oil well !!
Bigred111NC Sophomore Author North Carolina Posts:193 Points:38,790 Joined:Jan 2012	Message Posted: Feb 3, 2012 8:20:33 PM Ignore Bigred111NC Report Abuse cool
walkingtall Champion Author Toronto Posts:2,178 Points:760,605 Joined:Nov 2004	Message Posted: Feb 3, 2012 8:20:27 PM Ignore walkingtall Report Abuse UK gas prices to jump as Qatar rules supply.Not a good balance for anything tied to fuel.
KhelbenArunson Champion Author Michigan Posts:2,649 Points:354,980 Joined:Apr 2008	Message Posted: Feb 3, 2012 8:19:52 PM Ignore KhelbenArunson Report Abuse The UK and US should join in moving AWAY from Big Oil and towards Renewables.
Alaydown Champion Author Los Angeles Posts:3,561 Points:550,950 Joined:May 2007	Message Posted: Feb 3, 2012 8:13:38 PM Ignore Alaydown Report Abuse Increase domestic production of oil and natural gas. Anyone but Obama in 2012!
us4usa Champion Author Missouri Posts:4,418 Points:779,085 Joined:May 2008	Message Posted: Feb 3, 2012 8:12:05 PM Ignore us4usa Report Abuse Who really cares about the other side of the pond, WE LEFT REMEMBER...
Prodaddy Champion Author Houston Posts:6,565 Points:1,531,770 Joined:May 2007	Message Posted: Feb 3, 2012 8:08:35 PM Ignore Prodaddy Report Abuse This is crazy
skybiker Champion Author South Carolina Posts:5,851 Points:1,222,455 Joined:Jul 2008	Message Posted: Feb 3, 2012 8:02:43 PM Ignore skybiker Report Abuse The Free market at work....
OGW Champion Author London Posts:3,747 Points:1,201,985 Joined:Sep 2005	Message Posted: Feb 3, 2012 8:01:15 PM Ignore OGW Report Abuse The British just have to take all the sheep shit in Scotland and they can produce more than enough gas to heat the country.
freerobert Champion Author California Posts:1,040 Points:984,560 Joined:Mar 2008	Message Posted: Feb 3, 2012 7:58:03 PM Ignore freerobert Report Abuse It is most difficult to get the world to balance out.