Asia's Price Slide Ends on Cold Weather Forecasts

摘要

Northeast Asia spot prices edged 15￠ higher this week on colder weather forecasts to $9.90 per million Btu, according to WGI assessments for LNG cargoes for delivery four to eight weeks ahead, halting a seven-week slide as the market mulled likely demand for February. By contrast, prices in Southwest Europe eased 10￠ to $9.20. The UK National Balancing Point (NBP) day-ahead price assessed by WGI sank 60￠ to $8.48, while January NBP futures were 53￠ lower at $8.55. Netbacks for Mideast sellers were only 60￠-65￠ higher on Asian than Southwest Europe deliveries, while UK-Belgian netbacks for Mideast sellers lagged Asia by about $1.60.