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Prices firm on reduced LNG supply

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LNG Industry,

Reuters are reporting that British prompt gas prices rose on 18 August as falling imports from Norway and low send-out from LNG terminals created an undersupplied market.

British within-day gas price rose by 0.75 pence to 43.55 pence/therm.

Day-ahead gas price up 1.10 pence at 43.85 p/therm.

Send-out from LNG import terminals remains low but will likely pick-up ahead of the arrival of the Umm Slal tanker at the South Hook terminal.

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