Tuesday, 19 April 2011

UK gas falls as strong supply outweighs Japan deal

British gas prices fell on Monday, ignoring leading liquefied natural gas supplier Qatar's sale of 4 million tonnes LNG to Japan, as plentiful supply swelled stocks and soft oil weighed on the curve, traders said. Qatargas, which has become one of Britain's biggest suppliers over the last year, said on Saturday it would send more than 60 extra LNG cargoes, or 4 million tonnes, to Japan over next 12 months.

No comments:

Post a Comment