Spot LNG trade remains lackluster, with muted demand in both Asia and Europe. Prices in Northeast Asia fell by 200 to $15.35 per million Btu, and in Southwest Europe remained steady at $9.60/MMBtu, according to WGI assessments for spot cargoes four to eight weeks out. A well-supplied market pulled down hub prices at the UK National Balancing Point (NBP) by 250 to $8.16/MMBtu, as assessed by WGI, while January futures dropped 390 to $8.09/MMBtu. The changes left netbacks for Mideast sellers nearly $5.35/MMBtu higher on Asian than on Southwest Europe deliveries, while UK and Belgian netbacks for Mideast sellers lagged Asia by more than $8/MMBtu (see table below).
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