Gas prices at the hubs (April 6)
Day change: $0.055, down 2.2% | Settle: $2.456 | May 2021
Day change: $0.234, up 3.5% | Settle: $6.870 | May 2021
Day change: $0.045, up 0.6% | Settle: $6.925 | May 2021
ICIS: LNG sendout in Europe for the first 2 weeks of April is expected to eclipse the 3-year avg. for this time of the year, largely driven by cargos to Spain and France.
Novatek indicated yesterday that it plans to put up its 60% stake in Arctic LNG-2 as collateral for the long-term financing of the project…which already made FID.
Novatek is seeking to raise $11 billion in external financing and has indicated it plans to get the funds by the first half of this year.
Enbridge CEO, Al Monaco is seeking carbon credits in Canada, similar to those under 45Q in the U.S., in order for Enbridge to push into CC&S and hydrogen.
Monaco added that “it’s all about scale” while also indicating that 45Q could be even more generous in Canada.
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