British Gas Rises to Highest Price in 19 Weeks
Reuters reported that rising demand and a drop in supply brought British prompt gas prices up to a 19-week high.
Reuters reported that rising demand and a drop in supply brought British prompt gas prices up to a 19-week high.
Britain’s newest liquefied natural gas terminal, Dragon LNG, took delivery of its first cargo of super-cooled gas on Tuesday, BG Group, which holds a 50-percent stake in the facility in south Wales. For full story, click here
Qatar launched its 13.2 billion dollar Qatargas 2 project, with a production capacity of 15 million tonnes of liquefied natural gas per year, most of it destined for Britain. Qatar Energy Minister Abdullah bin Hamad al-Attiyah stated: The project we are inaugurating today costs 13.2 billion dollars. For full story, click here
U.K. natural-gas prices extended yesterday’s gains as Norwegian flows to Britain dipped following the end of the heating season. Karen Sund, founder of Oslo-based consultants Sund Energy, stated: There is room in Ormen Lange to adjust down in the summer and up in the winter. For full story, click here
Get our independent commentary on gas trends and companies delivered to your inbox.