LNG prices to remain volatile – Naturgy
International LNG prices were set to maintain a “high level of volatility” over the next few months, Spanish utility Naturgy said.. The company had already hedged 90% of its 2019 LNG supply, from 70% at the end of January, as it aimed to “tighten” its price risk, said the company’s CFO Carlos Alvarez in a conference call after presenting the company’s first-quarter results. Yet Naturgy’s LNG sales declined 29% year on year in the January-March period to 29.1 TWh, as last year’s sales had been “extraordinary, on the positive side”, ...
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