LNG

Feb 24 (LNG) - The 266,000 cubic metres capacity Q-Max vessel “Zarga” will be the first to deliver a March LNG cargo to the UK. The South Hook regasification terminal in Milford Haven in Wales is one of the main gateways for European LNG imports and the cargo from Ras Laffan in Qatar will be unloaded on March 3, according to the port authorities. The shipment will arrive as European natural gas prices soften from winter highs. The UK National Balancing Point price was last at the equivalent of $5.90 per million British thermal units while one of the main continental European prices, the Dutch Title Transfer Facility (TTF), was quoted at $5.33 per MMBtu.