Tuesday, 24 September 2024 08:43
TTF price falls as market recalibrates after EGAS’s bid for 20 cargoes
Front-month price at the TTF, Europe’s most liquid gas trading hub, is recalibrating after a bid from Egypt’s EGAS for 20 LNG cargoes for October-December delivery had tightened supply. With the EGAS tender fully awarded – at a premium to the TTF – the market is now less tense and October gas futures were last seen trading below $11.26/MMBtu.
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Friday, 04 August 2017 10:17
Wärtsilä’s LNG-to-Power concept helps prop up ‘wind chasers’
LNG-to-energy solutions, notably for distributed power, have made Wärtsilä one of the biggest supplier of gas- and liquid fuel-fired power stations in the 5 - 600 MW range. Such baseload and/or grid stability plants are used predominately as ‘wind chasers’ and ‘sunset balancers’, compensating for intermittent supply of renewable energy – soon also on the island of Aruba.
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