Northeast Asian prices fell 20￠ to $7.60 per million Btu after a three-week rally fueled by demand for optimization operations, according to WGI assessments for LNG cargoes for delivery four to eight weeks ahead. They are now 65￠ higher than in Southwest Europe, assessed by WGI down 5￠ at $6.95. The UK National Balancing Point (NBP) day-ahead price dropped by 28￠ week-on-week to $6.87 as assessed by WGI, and April NBP futures by 26￠ to $6.85. Netbacks for Mideast sellers were 60￠ higher on Asia than Southwest Europe deliveries, while UK/Belgian netbacks for Mideast sellers lagged Asia by 90￠.
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