Spot LNG

Volatile European Gas Sinks Global LNG Prices

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Northeast Asian spot LNG prices fell $1.40 to $16.10 per million Btu, according to World Gas Intelligence assessments for deliveries four to eight weeks ahead. Spot prices in Southwest Europe were assessed $1.85 lower at $14.70/MMBtu. The UK National Balancing Point (NBP) day-ahead price was assessed $1.84 lower at $14.23/MMBtu, while the ICE September front-month contract plunged $2.33 to $14.16/MMBtu. Netbacks for Mideast sellers in Asia were about $1.40/MMBtu higher than in Southwest Europe, while UK/Belgian netbacks were $2/MMBtu lower than in Asia.

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