European gas price stalls
June 10 (LNGJ) - Two Qatari LNG cargoes are headed for the UK as the European natural gas price recovery stalls. The 217,000 cubic metres capacity vessel, the “Al Kharsaah”, is scheduled to arrive on June 15 at the UK Dragon terminal in Milford Haven with a Qatargas cargo. The 266,000 cubic metres capacity Q-Max carrier, the “Bu Samara”, is then due on June 18 with a Qatari shipment for the South Hook facility in the Welsh port.
LNG cargoes are still pointing at the UK and Europe despite the low-price environment. The UK’s National Balancing Point natural gas price fell to the equivalent of $1.50 per million British thermal units from $1.75 per MMBtu the previous day. The Continental European benchmark price, the Dutch Title Transfer Facility, dropped to the equivalent of $1.60 per MMBtu from $1.90 per MMBtu.
