Households may be granted a reprieve from rising gas bills in the New Year as record gas shipments into European ports slash market prices by a fifth. Tankers filled with liquified natural gas (LNG) are turning from Asia towards buyers in the UK and Europe in a boost for the UK’s energy markets after a year of break-neck price shocks and gas supply fears. The market price for winter gas has already plummeted by over 20pc in the last three months due to the deluge of liquified natural gas (LNG). It fell from highs of 84.4 pence per therm in September to 66.3p/th at the end of last month. The current near-term gas price is around 62p/th.
Telegraph 31st Dec 2018 read more »