Wholesale gas prices.

Started by: gaffer (7096) 

There is a glut of LNG in the UK following a rise in ship deliveries of LNG bound for the European mainland. However, there is insufficient pipe line capacity to transfer the volume of gas involved . The wholesale price of gas for next day delivery is 40p a therm in the UK and 200p in Europe.
The peak price of gas last year was 500p a therm.

Started: 12th May 2022 at 13:06

Posted by: Tommy Two Stroke (9655)

I know that the gas we are paying for now, was bought when gas prices were high, and I expected a drop when gas started coming through in the supply chain from alternative sources, other than Russia, so with a drop like that, then surely in this country at least, prices should drop in the coming months.
I would presume that the European countries with port facilities, will be building new LNG terminals, and LNG re gasification plants, and I would also presume that the network of pipelines in Europe, which pipe Russian gas all over the continent, can be retasked to carry gas from new re gasification plants on the coast, to the present gas destination countries.

Replied: 12th May 2022 at 17:43

Posted by: baker boy (15603)

oh for fracks sake lets start ,should make a killing with our beloved eu partners

Replied: 14th May 2022 at 21:19


Note: You must login to use this feature.

If you haven't registered, why not join now?. Registration is free.