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3 years ago
Gas prices surged to new record highs earlier this week following reduced flows from Russia into Europe but have since eased off slightly after LNG shipments were diverted away from Asia. ICIS said front month contracts for January on the National Balancing Point gas market closed at 450 pence per therm on Tuesday (21 December), extending the previous sessions’ all-time high by another 80 pence.
Cadent and Equinor have agreed to work together to develop plans for a “hydrogen town” in the Humber region in which the gas network would be converted to run on 100% hydrogen. They said the Humber – sometimes described as the UK’s “energy estuary” – is the ideal location for a such pilot due to the other low-carbon hydrogen production projects proposed in the area, including Equinor’s H2H Saltend blue hydrogen plant.