Bullish gas, LNG prices push European inland refineries to favor LPG as fuel source

Bullish European gas and LNG prices have pushed inland refineries to consider alternative fuels as their main power source with relatively cheap inland propane prices providing strong incentive for gas-to-LPG switching. Platts, part of S&P Global Commodity Insights, assessed the Northwest European LNG marker for September at $12.397/MMBtu on Aug. 13, with prices rising nearly 7% on the week and…Bullish European gas and LNG prices have pushed inland refineries to consider alternative fuels as their main power source with relatively cheap inland propane prices providing strong incentive for gas-to-LPG switching. Platts, part of S&P Global Commodity Insights, assessed the Northwest European LNG marker for September at $12.397/MMBtu on Aug. 13, with prices rising nearly 7% on the week and…Read More