Prices in Northeast Asia have increased 40￠ to $15.15 per million Btu as buyers firm up procurement deals, feeding the bullish sentiment on summer spot demand, and are up 5￠ to $11.60 in Southwest Europe, according to WGI assessments for LNG cargoes for delivery four to eight weeks ahead. The UK National Balancing Point (NBP) day-ahead price as assessed by WGI was $1.04 lower at $8.35, due to scheduled two-week maintenance until Jun. 27 on the UK-Belgium Interconnector, while July NBP futures fell 38￠ to $9.71. Netbacks for Mideast sellers were around $3.30 higher on Asian than on Southwest Europe LNG deliveries, while UK-Belgian netbacks for Mideast sellers lagged Asia by roughly $6.60.
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