Prices Rise in Asia on Soaring Temperatures, Stay Put in Europe

摘要

Prices in Northeast Asia jumped 500 to $16.10 per million Btu on tight cargo availability and rising demand driven by soaring summer temperatures, and stayed put at $11.85 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 inched up 10 to $9.72/ MMBtu, while August NBP futures rose 80 to $9.86. Netbacks for Mideast sellers were around $4/MMBtu higher on Asian than on Southwest Europe LNG deliveries, while UK-Belgian netbacks for Mideast sellers lagged Asia by roughly $7.