According to Platts data, the equivalent day-ahead price for the UK NBP Tuesday was $9.08/MMBtu. The US average spot price was $4.10/MMBtu.
FERC Tuesday gave Cameron LNG, a subsidiary of Sempra Energy, permission to start re-exporting LNG from its Louisiana terminal, making it the third US facility with permission to re-export internationally sourced LNG.
Sempra asked FERC and the Department of Energy for permission to ship the equivalent of 250 Bcf of gas for two years starting February 1. DOE signed off in December.
This is bullish for LNG stock.
