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U.K. to Get LNG Next Week After Longest Dry Spell Since ’14

  • Rasheeda is set to dock at South Hook terminal Oct. 17
  • U.K. has been at disadvantage to Asia, Belgium for LNG imports
Cows graze near the Liquefied Natural Gas (LNG) importation terminal on the Isle of Grain, U.K.
Photographer: Dan Kitwood/Getty Images
Updated on

The U.K. is poised to receive its first liquefied natural gas tanker in three weeks as suppliers sent cargoes to markets with higher prices.

The Rasheeda, sailing from Qatar, is due at the South Hook terminal in Wales on Oct. 17. It will be the the first tanker to dock at a British port since Sept. 26, according to the Milford Haven port and ship-tracking data compiled by Bloomberg. Asian appetite for LNG increased amid restocking after a hot summer, and other markets have also paid a premium to the U.K., according to Energy Aspects Ltd., an industry consultant in London.