US to increase LNG supplies to UK under new deal

The US will boost supplies of liquefied natural gas (LNG) to UK terminals under a new deal revealed on Wednesday.

This is part of an energy initiative announced by Rishi Sunak, the UK prime minister, and Joe Biden, the US president, aimed at increasing energy security and drive down prices, according to a statement issued by the two governments.

Under the new ‘UK-US Energy Security and Affordability Partnership’, the UK and US would “drive work to reduce global dependence on Russian energy exports, stabilize energy markets and step up collaboration on energy efficiency, nuclear and renewables,” the statement said.

A new UK-US joint action group, led by senior officials from the UK government and the White House, would steer this initiative.

Boosting LNG supplies

To help deal with the resulting rise in the cost of living, the group would work to ensure the market delivers sustained increases in the supply of LNG to UK terminals from the US and would collaborate on energy efficiency measures.

As part of this, the US would strive to export at least 9-10 billion cubic meters of LNG over the next year via UK terminals, more than doubling the level exported in 2021 and capitalizing on the UK’s import infrastructure, the statement said.

The statement did not provide any details regarding these supplies.

UK imports LNG via the Grain LNG terminal, South Hook LNG, and the Dragon LNG terminal.

The country has already substantially increased imports of LNG in 2022 compared to the last year, mostly from the US.

“This will be good for both UK and European partners as we look to replenish gas storage next year. To fulfil this shared objective, both governments will work to proactively identify and resolve any issues faced by exporters and importers,” the statement said.

Most Popular

Baker Hughes to buy Chart in $13.6 billion deal

US energy services firm Baker Hughes has entered into a definitive deal to buy compatriot LNG equipment maker Chart Industries. The transaction is worth $13.6 billion.

Venture Global takes FID on CP2 LNG

US LNG exporter Venture Global LNG has taken a final investment decision (FID) on the first phase of its CP2 LNG project in Louisiana. The company also closed the $15.1 billion project financing, claiming that it represents the largest standalone project financing ever, and the second-largest project financing after the combined financings of Venture Global’s Plaquemines LNG.

Worley gets full notice to proceed on first phase of CP2 LNG project

Australian engineering firm Worley has received a full notice to proceed from US LNG exporter Venture Global LNG under its reimbursable EPC contract for the first phase of the CP2 LNG project in Louisiana.

More News Like This

Netherlands was top destination for US LNG cargoes in May

Dutch Gate and Eemshaven LNG terminals were the top destinations for US liquefied natural gas cargoes in May, according to the Department of Energy’s LNG monthly report.

Atlantic LNG shipping rates remain steady, European prices down

Atlantic spot LNG shipping remained steady this week, whilst European prices dropped compared to last week.

US LNG exports down to 28 cargoes

US liquefied natural gas (LNG) plants shipped 28 cargoes during the week ending July 23. According to the Energy Information Administration, pipeline deliveries to the LNG terminals decreased compared to the prior week.

IEA: global LNG trade up 4 percent in H1

Global LNG trade growth accelerated to 4 percent (12 bcm) in the first half of 2025, with exporters adding about 60 percent more LNG supply to the market than was added in the whole of 2024, according to a new report by the International Energy Agency.