Spain Set to Receive LNG Spot Cargo From Netherlands at Huelva
Spain is set to receive its second spot cargo this year of liquefied natural gas loaded out of storage from the Netherlands, according to ship-tracking data.
The Methania, with a capacity of about 131,000 cubic meters, is scheduled to arrive Jan. 9 at Enagas SA (ENG)’s Huelva terminal in southern Spain, transmissions captured by IHS Fairplay on Bloomberg show. The vessel loaded the supercooled gas from the Gate LNG terminal on the Netherlands’ west coast and departed Jan. 5.
Holland doesn’t produce LNG. The Gate facility, operated by Royal Vopak NV, can receive, store and reload cargoes.
There’s a “demand surge” for natural gas in Europe at the start of 2014 due to cold weather, New York-based Energy Intelligence Group said on the website of its World Gas Intelligence publication Jan. 1.
“Spanish power demand is expected to rocket this month on below-normal temperatures at a time when Spain has seen lower LNG shipments from Algeria and weak flows of piped imports from France, prompting a number of utilities to eye spot shipments,” the research company said.
Spain was Europe’s largest importer of LNG in 2012, according to the industry-funded International Group of Liquefied Natural Gas Importers.
To contact the reporter on this story: Chou Hui Hong in Singapore at firstname.lastname@example.org
To contact the editor responsible for this story: Pratish Narayanan at email@example.com