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UK NBP gas trading up 16% on summer LNG concern

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UK NBP gas trading up 16% to 172.70p/th over concerns of curbs to summer LNG cargo arrivals.

  • National Grid Plc last week said it would withhold some capacity at auctions at Milford Haven.
  • The capacity reduction could limit deliveries to South Hook and Dragon LNG from 30th May to 31st Oct as UK grid tries to avoid over-stretching its storage infrastructure.
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UK NBP gas trading up 16% to 172.70p/th over concerns of curbs to summer LNG cargo arrivals.

  • National Grid Plc last week said it would withhold some capacity at auctions at Milford Haven.
  • The capacity reduction could limit deliveries to South Hook and Dragon LNG from 30th May to 31st Oct as UK grid tries to avoid over-stretching its storage infrastructure.