LNG

Natural gas benchmark prices in the UK and the Netherlands, which help determine LNG cargo values, have plunged to seasonal lows for winter with weather fluctuations having little impact because of very full storage across Europe. 

Spanish energy company Repsol, a maritime fuel sector participant with plans to re-fuel Spain-UK ferries with LNG,  said the International Maritime Organization sulfur curbs had led to it selling around 150,000 metric tons of low-sulfur fuel at Spanish ports and nearly 1 million tons in Singapore.

TechnipFMC, the LNG and energy engineering company, reaffirmed that its planned transaction to separate into two companies, TechnipFMC and Technip Energies, is well on track for completion in the first half of 2020.

Germany, the largest natural gas pipeline consumer in the European Union and a future LNG importer, is set to be the first country to end both nuclear and coal power under an agreement to compensate workers, companies and regional governments as it switches off coal-fired plants by 2038.