Monday, 13 December 2010

U.K. Natural Gas for First Quarter Falls as More LNG Tankers Are Expected

U.K. natural gas for delivery next quarter declined as more liquefied gas
carriers headed to the U.K. and Belgium. Power for delivery tomorrow rose on
forecast increased demand. The port of Milford Haven in south Wales will receive two additional LNG
deliveries this month, according to its website. Belgium's Zeebrugge
terminal, linked to the U.K. by pipeline, will also get a shipment, shipping
data show. Gas for the first quarter slipped 0.7 pence, or 1.2 percent, to 58 pence a
therm as of 10:15 a.m. in London. That's equal to $9.13 a million British
thermal units. A therm is 100,000 Btu. The Al Samriya LNG tanker will dock at the South Hook terminal on Dec. 18
from Qatar. The Bluesky will arrive at BG Group Plc's neighboring terminal
two days later while the Grace Acacia LNG tanker is due at Zeebrugge on Dec.
28. That brings the total number of ships due in the two countries to 11.

No comments:

Post a Comment