European Union seeks more LNG imports amid concerns about power-grid resilience caused by renewables
The European Union Agency for the Cooperation of Energy Regulators (ACER), whose responsibilities include assessing the prices of LNG cargoes, said that more LNG imports were needed to help energy security amid raised concerns about power-grid resilience in the 27-nation group and about subsidies making its citizens lax on saving electricity.
Dutch and UK cargoes
May 30 (LNGJ) - The Netherlands and the UK are scheduled to receive LNG deliveries over the next couple of days as natural gas benchmark prices continue to tumble. The Dutch Title Transfer Facility price was last at the equivalent of $7.850 per million British thermal units while the UK National Balancing Point price was quoted at $6.835 per MMBtu.
The “Flex Constellation” with 173,400 cubic metres capacity is due to discharge a shipment on May 31 at the Dutch Eemshaven floating terminal. The cargo was lifted on May 18 from the Corpus Christi export plant in Texas, according to shipping data. The 216,200 cubic metres capacity Qatari Q-Flex vessel “Al Gharrafa” is scheduled to berth with a cargo on June 2 at the UK Dragon terminal at the port of Milford Haven. The volumes were lifted at Ras Laffan on May 14.
Intercontinental Exchange reports March activity in benchmark futures trading not seen for over a decade
Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, has issued natural gas and oil trading volumes and related statistics for March and for the first quarter of 2023 when there was a jump in derivatives for natural gas and crude oil and interest rate risk management also increased.
