Prices Remain Flat in Asia, Edge Down in Europe

摘要

Prices in Northeast Asia remained unchanged at $19.60 per million Btu as unmet prompt demand and tight availability supported late-March levels, according to WGI assessments for LNG cargoes for delivery four to eight weeks ahead. In Southwest Europe, prices dropped 20￠ to $15.20. The UK National Balancing Point (NBP) day-ahead price, assessed by WGI, fell 29￠ to $9.74, while March NBP futures dropped 15￠ to $9.83. Netbacks for Mideast sellers were around $4 higher on Asian than Southwest Europe LNG deliveries, while UK-Belgian net-backs for Mideast sellers lagged Asia by almost $10/MMBtu.