LNG

July 14 (LNGJ) - Most LNG cargoes were pointed at Asia, though several were heading for Europe. The 211,885 cubic metres capacity Q-Flex carrier “Al Khuwair” is scheduled to deliver a shipment on July 22 to the Zeebrugge import terminal in Belgium from Ras Laffan in Qatar.

   The 137,500 cubic metres capacity vessel “LNG Rivers” was expected to discharge a cargo on July 25 at the Montoir-de-Bretagne terminal in Western France from the Bonny Island plant in Nigeria. The shipments were due as the Dutch Title Transfer (TTF)) natural gas price, the benchmark for Continental Europe, was at a seasonally elevated equivalent of $12.25 per million British thermal units.

Imports of liquefied natural gas to the UK in March are at their highest levels since October 2015, helping benchmark National Balancing Point prices to decline to an 18-month low at around the equivalent of $5.00 per million British thermal units.