U.K. LNG Imports From Qatar Set to Swell on New Supply Deal
- U.K. Isle of Grain to get up to 7.2 million tons of LNG a year
- Qatar needs buyers for planned output from expanded plants
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Qatar is preparing to ramp up liquefied natural gas exports to the U.K. as the world’s biggest exporter of the fuel boosts production capacity and looks for new long-term supply contracts.
Qatar Petroleum reserved capacity for as much as 7.2 million tons of LNG per year at the Isle of Grain terminal from 2025 to 2050, or about 11% more than it shipped to the U.K. in 2019. The deal will lock up about 40% of the London facility’s capacity after its owner, National Grid Plc, expanded the terminal.