Flashback: the winter of 2009 - 2010 -- the Brits came within 72 hours of running out of natural gas.
****************************
Is This Important?
From Platts: UK South Hook May LNG regasification down 46% on five-year average. Wow. Some data points:
- South Hook stocks began June 2017 at a mere 18% capacity
- five-year average for June: 953 million cu meters
- currently: 90 million cu meters
- last month, 19 Qatari LNG tankers berthed in continental Europe
- 15 tankers in April and 11 tankers in May
- UK's South Hook LNG terminal last month (May) was almost 50% lower than 5-year average
- a total of four Qatari LNG tankers berthed at South Hook last month
- in comparison, South Hook saw seven in May 2016 and eight in May 2015
- Qatar: world's largest LNG producing country (that's what the article said)
- Qatar: sent more tankers to Europe last month due to higher pricing in Europe
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.