Natural Gas News – March 4, 2019

Natural Gas News – March 4, 2019

Lithuania To Ask Belarus To Switch Nuclear Plant To Gas

Reuters reported: Lithuanian prime minister Saulius Skvernelis will ask Belarus to convert its Russian-built nuclear power plant to gas provided by Lithuania’s liquefied natural gas (LNG) terminal and a planned gas link between Lithuania and Poland. The nearly completed nuclear plant has long been viewed as a threat to its safety and national security by Lithuania, which says it is not built to the highest safety standards, an allegation which is denied by Belarus. Astravets, which is near the border with Lithuania, is being built by Russia’s Atomstroyexport and financed with a $10 billion loan from by Moscow. It expects to have the first of its two 1.2 gigawatt VVER 1200 reactors online this year and the next one in 2020. “It’s up to Belarus to make a choice: to keep on having an energy sector which depends on the policies of a single country, or to make a strategic change,” Skvernelis said on Monday, without naming Russia, the dominant supplier of energy to Belarus. For more on this story visit reuters.com or click https://bit.ly/2Nyfc5Y

Seven-Figure Bonuses Are Spreading for Europe’s Energy Traders

Bloomberg reported: After a few years of roughly stable payouts for many of Europe’s energy traders, big bonuses are back for the cream of the crop. The best traders in natural gas to power can look forward to handsome rewards after navigating markets that last year sparked to life with more bullish trends and a good dose of volatility. More people than previously will enter the seven-figure bracket, according to recruiters surveyed by Bloomberg. Expectations across the board is for about 20 percent more in compensation compared with the previous year. And the best are looking at a total pay in the range of $2.5 million to $3 million or more, according to Peter Henry, managing director at H.W. Anderson Ltd., who has hired for utilities, banks and trading houses for more than a decade. Last year’s price surge was to a large extent driven by a revival in the carbon market as regulators tightened supply. For more on this story visit bloomberg.com or click https://bloom.bg/2Tc7rZr

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote