British Prime Minister Rishi Sunak
Britain hopes the United States will promise about 10 billion cubic metres of liquefied natural gas (LNG) over the coming year, the report said, adding that discussions about the deal are in their final stages and an announcement could come in a week or two.
But it also said that wrangling over the exact amount continues and it was possible that a specific figure would not be given when the deal is publicised. It was also unclear how much of the gas — which will be sold by US companies — will be in the UK energy system this winter, the Telegraph said.
Earlier this year, the United States agreed to supply 15 billion cubic metres of LNG to the European Union to help it cope with the energy crisis caused by Russia's invasion of Ukraine.
Picture used for illustrative purposes only.
Britain's National Grid has said that Britain's ability to secure gas supply would depend upon its prices being high enough to attract exports from Europe and LNG from countries such as Qatar and the United States.
US LNG producers' ability to supply more fuel will rise only modestly until 2025, when three new plants become fully operational, according to U.S. government estimates. The plants will add 5.7 billion cubic feet per day (bcfd) to the about 11.75 bcfd of exports expected this quarter.
Wholesale gas prices have soared in recent months as economies reopen from COVID-19 lockdowns while high demand for LNG in Asia has resulted in less supply to Europe.
Around 12 British energy suppliers have collapsed this year, affecting more than 2 million customers.
Is Boris Johnson also lying about protecting our disappearing UK wildlife? The UN secretary general, António Guterres, recently lambasted world leaders for their climate
The travel ban "is a big surprise and a big shock to the market" and shows that investors are yet to see the full financial fallout from the coronavirus outbreak, said IG Markets analyst Kyle Rodda. On the flip side, traders are selling gold to fund margin calls, providing a headwind for the metal, Rodda added.
The United States of America (USA) remained the top export destinations of the Pakistani products during first seven months of current financial year (2019-20), followed by China and United Kingdom (UK).
Muizzu was leading the count with 54% of the vote against 46% won by Solih, local media reported. Maldivians also voted at polling stations in India, Sri Lanka, Malaysia, Britain and Abu Dhabi.
The programme is committed to ensuring the safety and well-being of seniors through various housing initiatives and services within its projects. I
This will be coinciding with the launch of the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) 2023. Vehicles of public cleaning companies and logistical support vehicles are excluded from decision.
The Dubai Future Experts Program, developed by the Dubai Future Foundation in collaboration with The Executive Council of Dubai, prepares a group of future-focused experts in different sectors across Dubai’s government.