Northeast Asian prices jumped a further 450 to $17.95 per million Btu on strong demand, amid intense competition from South American buyers, while the race for reloads, plus cold weather, also drove up prices in Southwest Europe by $1 to $13.40/MMBtu, according to WGI assessments for cargoes for delivery four to eight weeks ahead. The da?-ahead price at the UK's National Balancing Point (NBP) rose by 400 to $10.97/MMBtu due to icy weather, as assessed by WGI, although February futures dropped 170 to $10.81/MMBtu. Netbacks for Mideast sellers were $4 higher on Asian than Southwest Europe deliveries, while UK and Belgian netbacks for Mideast sellers lagged Asia by $8.
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