Wednesday, 26 May 2021 04:59

Europe’s gas rises

Free Read

May 26 (LNGJ) - Two LNG cargoes are scheduled to arrive in the UK in the next week amid increasing natural gas prices, one at the Isle of Grain import terminal in Kent on May 27 from the Yamal plant in northern Russian and a second at the Welsh port of Milford Haven from Qatar. The Yamal cargo will arrive on board the “Nicolay Zubov”, a carrier with 172,000 cubic metres of capacity. The Qatari cargo, the first UK shipment of the month of June, will be delivered on June 2 by the 260,900 cubic meters cubic metres capacity Q-Max carrier “Bu Samra” to the South Hook facility at Milford Haven, according to the port authorities.

  The Russian and Qatari cargoes are scheduled as the UK National Balancing Point benchmark natural gas price rose to $9.35 per million British thermal units and the main Continental European price, the Dutch Title Transfer Facility (TTF), hit $9.50 per MMBtu on rising demand.

Published in News in brief