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Spot LNG

Winter Buying Interest Spurs Asian Spot Prices

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Northeast Asian spot LNG prices increased by $4 week on week to $47 per million Btu, its highest level since March, according to World Gas Intelligence assessments for deliveries four to eight weeks ahead. Spot prices in Southwest Europe were assessed $2.49 higher at $47.45/MMBtu. The UK National Balancing Point day-ahead price was assessed $10.69 higher at $32.54/MMBtu, while the September front-month NBP ICE contract fell $1.85 to $42.77/MMBtu. Netbacks for Mideast sellers in Asia were about 47¢ lower than in Southwest Europe, while UK/Belgian netbacks were $14.51/MMBtu lower than in Asia.

Topics:
LNG Trade, LNG Prices, LNG Spot Trade, LNG Demand
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