European LNG and pipeline prices fall for mid-Summer as storage builds and cargo deliveries slow down
European LNG and wholesale natural gas day-head andfutures prices declined over the past week as mid-Summer arrived and storage began to swing towards peak levels while cargo deliveries slowed to Chinese and European regasification terminals.
Swiss-based commodities firm Gunvor reports 47 percent drop in net profits while building future LNG supplies
Gunvor Group, the Swiss-based global commodities firm and trader in oil, petroleum products and liquefied natural gas with future LNG supply deals in Texas and Louisiana, posted a 47 percent drop in annual net profits as prices declined across the energy spectrum.
US LNG data shows Turkey, France and Spain as dominant destinations as Corpus Christi is priciest plant
The US Department of Energy published its latest liquefied natural gas monthly export data with Turkey, France, Spain, the Netherlands and South Korea leading the monthly destinations and with the Corpus Christi plant in Texas registering the highest price at point of export.
