A roundup of news and commentary from NGI’s LNG Insight
- Annual maintenance at the Cove Point LNG terminal in Maryland has concluded after 21 days. Feed gas flows to the terminal returned to their pre-work levels Tuesday. Overall, U.S. feed gas deliveries were nominated at 11.2 Bcf early Wednesday, up by roughly 1 Bcf from the prior day.
- German energy supplier E.ON SE said Tuesday it would suspend new natural gas supply contracts for residential customers given the parabolic rise in prices and procurement costs in recent weeks. The company said existing customers would not be impacted.
- Britain’s largest energy supplier, Centrica Plc, said Wednesday it would delay its Capital Markets Day as it continues to focus on Europe’s energy shortage. More than 10 UK energy suppliers folded as prices skyrocketed in recent weeks, forcing larger roviders like Centrica to take on new customers.
- “In this current unprecedented commodity price environment, we remain focused on looking after our residential and business customers, whilst working as part of wider industry efforts in the UK to support the customers of failed suppliers and drive the regulatory reforms which are urgently required to make sure this situation never recurs,” said Centrica CEO Chris O’Shea.
- Gazprom PJSC is pumping natural gas from storage to help temper rising prices on the continent, according to comments made by Deputy Foreign Minister Sergei Ryabkov during an interview Tuesday with the BBC.
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