May 12 (LNGJ) - At least three LNG cargoes are being delivered to the UK in the next week. The 155,000 cubic metres capacity “British Sapphire” was unloading a shipment on May 12 at the UK Isle of Grain terminal in Kent from the Point Fortin plant in Trinidad. Two Qatargas cargoes were then due at the UK South Hook terminal in Milford Haven. The 216,200 cubic metres capacity Q-Flex carrier “Al Gharrafa” will unload on May 15 at South Hook and the 266,000 cubic metres capacity Q-Max vessel “Al Mafyar” was scheduled to berth on May 18.
The cargoes were heading for the UK as European natural gas prices were still at low levels. The UK National Balancing Point natural gas price fell again this week to $1.65 per million British thermal units while Continental Europe’s Dutch Title Transfer Facility (TTF) price was higher than the NBP at $2.05 per MMBtu.
Asian spot prices for June were at around $2.05 per MMBtu while oil-linked contract prices were at $6 per MMBtu and above. Among the many shipments on the water, the 160,000 cubic metres capacity vessel “Asia Vision” was scheduled to deliver a cargo on May 25 to the Map Ta Phut terminal in Thailand from Wheatstone LNG in Western Australia. The 174,000 cubic metres capacity “GasLog Gibraltar” was due to unload a US shipment at India’s Dahej terminal on May 28 from Cheniere Energy’s Sabine Pass plant in Louisiana.
