Spot LNG

Price-Sensitive Asian Buyers Return as Spot Prices Fall

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Northeast Asia's spot LNG prices dropped by $23 week on week to $42 per million Btu, according to World Gas Intelligence assessments for deliveries four to eight weeks ahead. Spot prices in Southwest Europe continued to decrease, falling by $10.65 to $37.75/MMBtu. The UK National Balancing Point (NBP) day-ahead price was assessed $10.42 higher at $38.03/MMBtu, while the October front-month NBP ICE contract was down $12.67 at $40.59/MMBtu. Netbacks for Mideast sellers in Asia were about $4.17/MMBtu higher than in Southwest Europe, while UK/Belgian netbacks were $4.11/MMBtu lower than in Asia.

LNG Demand, LNG Supply, LNG Trade, LNG Prices, LNG Spot Trade, Gas Demand, Gas Prices, Gas Spot Markets
Wanda Ad #2 (article footer)
Some extra Russian piped volumes are expected into Europe, but trust in Moscow as a reliable supplier is gone, industry insiders say.
Tue, May 30, 2023
QatarEnergy expects to sign more LNG supply deals with European customers in the coming months, says the gas giant's top executive.
Thu, Jun 1, 2023
European buyers remain reluctant to sign long-term supply agreements, despite the loss of Russian pipeline gas supplies.
Thu, Jun 1, 2023