Spot LNG

Spot Prices Continue Dizzying Ascent in Asia and Europe

Copyright © 2021 Energy Intelligence Group

Northeast Asian spot LNG prices continued to climb, gaining $1.65 to $20.15 per million Btu, according to World Gas Intelligence assessments for deliveries four to eight weeks ahead. Spot prices in Southwest Europe were assessed $1.25 higher at $18.25/MMBtu. The UK National Balancing Point (NBP) day-ahead price was assessed $1.37 higher at $18.46/MMBtu, while the ICE October front-month contract jumped $1.68 to $18.55/MMBtu. Netbacks for Mideast sellers in Asia were about 70¢/MMBtu higher than in Southwest Europe, while UK/Belgian netbacks were roughly 60¢ lower than in Asia.

UK Prime Minister Boris Johnson says he wants the Glasgow climate talks to consign "coal to history." That could lead to embarrassment back home.
Wed, Sep 15, 2021
European gas prices rise again on limited Russian piped bookings despite Norway aiming to increase exports.
Mon, Sep 20, 2021
Most Read
The possible shutdown of Egypt's twin LNG plants in the near term is reviving memories of the gas crunch in 2012-14.
Fri, Sep 17, 2021