rfarfa
The Natural Gas Spot price that you’ve quoted twice is actually pence per therm, so currently sat at 453p which rightly is circa 10x the average price of previous winters when it’s at its highest.
The spot price you quote needs converting to Boe (barrel of oil equivalent) & then converted to the dollars you quote.
So 453p works out circa US$343, if you want to keep quoting in dollars..
Certainly changes the outlook on Natural Gas & LNG.
Ann: Merlin-2 Operations Update, page-33
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