SPOT LNG Asian LNG Prices Climb on Korea Tender, Dip in Europe

摘要

Spot LNG prices in Northeast Asia have risen for seven weeks in a row, jumping 300 to $7.25 per million Btu last week on tender results from South Korea and rising offer levels, according to WGI assessments for cargoes for delivery four to eight weeks ahead. In Southwest Europe, spot LNG prices were assessed 100 lower at $5.70/MMBtu. The UK National Balancing Point (NBP) day-ahead price was assessed 70 higher at $5.74/MMBtu, while October futures leapt 350 to $6.23/MMBtu. Netbacks for Mideast sellers in Asia were almost 800 higher than in Southwest Europe, while UK/ Belgian netbacks were nearly 700 lower than Asian netbacks.