UK Gas Producers Face Reduced Demand for Exports

British gas companies are set for a summer of very low profits, due to the demand for gas exportation falling.

Inspired Energy PLC’s Nick Campbell told Hellenic Shipping News, “I wonder if the UK gas price will fall so much to encourage exports [given] the amount of LNG set to arrive. I think currently that is the most likely as Russian gas should be strong into Europe in order to avoid take-or-pay issues.”

For more on this story, please visit the Hellenic Shipping News website.