Prices in Northeast Asia rose 100 to $14.60 per million Btu in anticipation of higher demand ahead of summer amid continued uncertainty over South Korea's nuclear outages, and stayed put at $11.55 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, fell 250 to $9.44 and My NBP futures rose 60 to $9.82. Netbacks for Mideast sellers were around $3 higher on Asian than on Southwest Europe deliveries, while UK-Belgian netbacks for Mideast sellers lagged Asia by roughly $5.50.
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