Britain: From Exporter To Importer

Britain is going to import LNG for the first time in history as its North Sea oil reserve dwindles, Financial Times reported.

It is planned to import LNG from Algeria. The tanker, planned to dock at the new oil terminal in Southeastern Britain's Kent, is said to be "symbolic" of Britain moving from being an important gas exporter of an importer.

Britain's gas reserve, which began highly exploited in the 1970s, ranked as the forth largest producer in the world.