Over the past year GB has imported piped gas from Norway, Belgium (via the IUK interconnector) and the Netherlands (via the Balgzand-Bacton Pipeline—BBL). The IUK and BBL pipelines give access to gas from a range of sources including the Netherlands, Norway, Germany and Russia. GB has also received shipments of liquefied natural gas (LNG) from Algeria, Australia, Egypt, Norway, Qatar, and Trinidad and Tobago.
Piped gas supplies can react quickly to changing market conditions in the UK. The rate at which LNG supplies can respond depends on the proximity and commercial availability of LNG cargoes. The increasing liquidity of the LNG market—the result of its increasing size and more flexible commercial arrangements—is helping to shorten response times.