Prices Ease in Asia, Europe as More Supply Emerges

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Northeast Asian spot LNG prices dropped by $1 to $24 per million Btu, according to World Gas Intelligence assessments for deliveries four to eight weeks ahead. Spot LNG prices in Southwest Europe were assessed $1.15 lower at $22.90/MMBtu. The UK National Balancing Point (NBP) day-ahead price was assessed $5.24 lower at $14.15/MMBtu, while the new front-month ICE June contract was up 91¢ at $20.45/MMBtu. Netbacks for Mideast sellers in Asia were about $1.10/MMBtu higher than in Southwest Europe, while UK/Belgian netbacks were $4.75/MMBtu lower than in Asia.

LNG Demand, LNG Supply, LNG Trade, LNG Prices, LNG Spot Trade, Gas Supply, Gas Demand, Gas Inventories, Gas Prices, Gas Spot Markets
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