UK Bans Russian LNG imports, Looks to U.S. and Other Producers to Meet Demand

The UK has banned Russian LNG imports in a step that took effect Jan. 1. 

The UK joins Estonia, Latvia and Lithuania as the only European countries to officially ban Russian liquefied natural gas imports.   

“In light of Putin’s illegal invasion of Ukraine and weaponization of energy, the government has taken steps to end all imports of Russian fossil fuels, including ending all imports of Russian LNG,”  a spokesperson from the UK’s Department for Business, Energy and Industrial Strategy told NGI.

[Want to know how global LNG demand impacts North American fundamentals? To find out, subscribe to NGI’s Daily Gas Price Index]

Last year, UK imports of Russian LNG fell 85% compared to 2021. In 2021, Russia supplied 4% of the UK’s natural gas, 9% of its oil, and 27% of...