Skip to content

Britain Seeks US Gas Deals to Tackle Long-Term Supply Crunch

  • UK seeks proposals for LNG contracts lasting up to 20 years
  • Inquiries follow ministerial meeting with US firms in March
Video player cover image
UK Targets Businesses in £40 Billion Energy Bailout
Updated on

The UK is trying to secure long-term supplies of liquefied natural gas from US producers as high energy prices across Europe threaten the economy far beyond just this winter.

The government’s energy supply task force is seeking proposals from LNG exporters to supply domestic buyers under deals lasting as long as 20 years, according to people familiar with the matter, who asked not to be named as the talks are private. The task force is being led by Madelaine McTernan, a former M&A banker who headed the UK’s vaccine group that procured Covid shots early in the pandemic.