Summer Buying Stokes Spot LNG Prices in Asia and Europe

摘要

Northeast Asian spot LNG prices jumped 55? to $8.95 per million Btu as summer procurement ramps up, particularly from buyers in China and South Korea, according to World Gas Intelligence assessments for deliveries four to eight weeks ahead. With benchmark Brent near $80 per barrel, strong oil prices are also stoking market bulls. Prices in Southwest Europe were assessed 5? higher at $7.60/MMBtu. The UK National Balancing Point day-ahead price inched up 1? to $7.59/MMBtu, while June futures rose 17? to $7.59/MMBtu. Netbacks for Mideast sellers in Asia were 75? higher than in Southwest Europe, while UK/Belgian netbacks for Mideast sellers lagged Asia by over 90?.