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Market News Topics
May 31, 2023 11:02 GMT
Equinor Partly Evacuates Hammerfest LNG, Production Ongoing
LNG
Equinor’s Hammerfest LNG plant on has been partly evacuated but LNG production is still ongoing, causing a spike in TTF gas prices.
- Parts of the plant have been evacuated following a gas leak, an Equinor spokesperson, Ellen Maria Skjelsbaek, said.
- The Hammerfest LNG plant has a capacity of 4.2mtpa and usually exports six to seven cargoes per month.
- The plant exported only two cargoes in May – 1 May and 29 May – due to compressor fault.
- Following the headlines, the TTF front-month contract surged to €27.895/MWh, before easing back.
- TTF JUL 23 up 4.8% at 26.46€/MWh
To read the full story
Close
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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