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LNG deliveries to the UK increase significantly - 23-11-2021

What a difference a few months can make. The UK has gone from no LNG deliveries in a month at all, to 10 already delivered in November with 5 more heading our way. It has led to UK LNG storage nearing all time highs and helping to soften prices. Prices are however moving upwards today with temperatures sitting 5 degrees below seasonal averages. There is also some upward response to the U.S Biden administration imposing sanctions on a Transadria Ltd ship, involved in the construction of Nord Stream 2.