Prices in Northeast Asia slipped 50 to $14.75 per million Btu, as June demand remained weak and most buyers studied July requirements, according to WGI assessments for LNG cargoes for delivery four to eight weeks ahead. Prices in Southwest Europe dropped 200 to $12.20. The UK National Balancing Point (NBP) day-ahead price, as assessed by WGI, shot up 370 to $10.23, while June NBP futures dropped 60 to $10. Netbacks for Mideast sellers were around $2.30 higher on Asian than on Southwest Europe deliveries, while UK-Belgian netbacks for Mideast sellers lagged Asia by well over $5.
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