August 11, 2011 / 10:23 AM / 9 years ago

RWE pays steep premium for first Dutch LNG delivery

LONDON, Aug 11 (Reuters) - German utility RWE will inaugurate the commercial startup of the new GATE liquefied natural gas (LNG) import terminal in the Netherlands after paying supplier Qatar a steep premium to the benchmark UK gas price, a trade source with knowledge of the deal said.

“The buyer is RWE...(bringing) a Q-Max from Qatargas at approximately $2 per million British thermal units above the UK gas price,” the source said on Thursday.

Q-Max tankers, the world’s biggest, can carry 266,000 cubic meters of the super-cooled gas.

Reporting by Oleg Vukmanovic

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below