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Gas Market Report.

Europe Intelligence Wire

| February 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

NORTH WEST EUROPE: The large cargo propane numbers have not held up as long as players expected them to on the back of the cold weather across Europe. With resumption of production back to normal at North sea terminals we have gradually seen more tonnes made available and therefore putting pressure on the numbers which have also been aided by falls in crude. Several cargoes have now been traded p and c on a floating basis which seems to have fulfilled most of the immediate requirements. With swaps trading below $600 then first half cargoes are placed in the $600-605 range.

Butane has also made a re-appearance to the market with several ...

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