BELGIUM OUTLOOK: LNG and Interconnector imports to boost Belgian gas supply

Source: Heren


LONDON (ICIS)--The Belgian natural gas market will remain well supplied during week 33, with high import volumes from Britain set to persist and a full schedule of LNG arrivals at the Zeebrugge terminal.

There is currently firm financial incentive for shippers to flow gas from Britain into Belgium via the Interconnector pipe, with a favourable spread between the two markets priced in until the end of October.

Imports varied significantly during week 32, with shippers nominating between 19mcm and 34mcm through the pipeline according to data from operator IUK.

Port data on shipping platform LNG Edge indicates that the Zeebrugge terminal received the 172,000cbm Umm Bab on Friday morning.

This is the first of three Qatari vessels scheduled to arrive at the terminal before the end of the month. The 146,000cbm Maran Gas Asclepius will berth on Sunday, while the 210,000 Al Sadd is due to arrive on Tuesday 21 August.

A further vessel may arrive in the first week of September, according to early algorithmic data.