Asian Prices Ease, But Japan Could Encourage Market Bulls

摘要

Prices in Northeast Asia sank 450 to $15.60 per million Btu on limited prompt interest from regional buyers, according to WGI assessments for LNG cargoes for delivery four to eight weeks ahead; Southwest Europe is assessed unchanged at $11.90/MMBtu. The UK National Balancing Point (NBP) day-ahead price as assessed by WGI firmed 80 to $10.05/MMBtu, while September NBP futures eased 20 to $9.95. Netbacks for Mideast sellers were about $3.50/ MMBtu higher on Asian than on Southwest Europe LNG deliveries, while UK-Belgian netbacks for Mideast sellers lagged Asia by roughly $6.30.