NATS: Trans-Atlantic Price Spread Shrinks

Posted on Jul 10, 2007 in Markets and Competition | Comments Off

NATS LNG Week in Review reports that natural gas prices in the United States fell due to the Independence Day holiday while UK prices rose dramatically, closing the Trans-Atlantic price spread to only 9¢/MMBtu by the end of last week. However, NATS predicts that due to mild weather and a lack of European storage capacity, LNG spot cargos will continue to prefer U.S. destinations until the European winter heating season arrives in October. [Subscription required]

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NATS: Trans-Atlantic Price Spread Shrinks

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