Elengy Says Received Delivery of LNG Cargo at Fos

French terminal operator Elengy said on Thursday that it had received delivery of a cargo of liquefied natural gas (LNG) at its Fos terminal on Wednesday, and expected to receive six more deliveries in February.

 

Elengy said it was the third cargo it had received in the month of January.

 

The delivery could ease supply pressure in southern France where prices hit record highs last week and the spread with prices in the north widened further due to tight supply following a force majeure in Algeria.

 

French southern gas hub contract was at 40.200 euros per megawatt-hour (MWh) on Thursday, down 0.62 percent, sharply lower from its Friday high of 45 euros/MWh.

 

The price in the north was up 3.29 percent to 19.625 euros/MWh.