UK Ramps Up LNG Imports, But Consumers Unlikely To See Relief

The UK has bucked the pan-European trend of soaring wholesale gas prices as shipments of liquefied natural gas have alleviated a shortage that squeezed prices higher last year and kept them there. But consumers won’t feel pricing relief any time soon. Bloomberg reported this week that the day-ahead price for natural gas in the UK has dropped to some 156 euros or $164.88 per megawatt-hour this month. In comparison, the average day-ahead gas price in Germany is 210 euros or $220.84 per MWh, and in France, the price is 213 euros or $224 per…