East coast gas supply has increased marginally by 4 petajoules (PJ) from 458.2 PJ to 462.2 PJ in the first quarter of 2020, despite a decrease in conventional production by 9.7 PJ, the lowest since 1998.
Outlined in EnergyQuest’s June report, east coast liquified natural gas (LNG) exports increased by 5.7 PJ to 310.7 PJ, leading to a small deterioration in the gas demand and supply balance.
However, EnergyQuest outlined that despite the shortfall, the simple average of short-term east coast gas prices in the first quarter of 2020 was down by 42.3 per cent compared with first quarter of 2019 and 23 per cent down from the previous quarter.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.