SPOT LNG Asian Prices Drop as More Cargoes Offered, Europe Stays Quiet

摘要

LNG spot prices in Northeast Asia have dropped for five weeks in a row, falling a further 5￠ to $9.65 per million Btu, according to Wbrla’ Gas Intelligence assessments for deliveries four to eight weeks ahead. Prices in Southwest Europe were assessed 10￠ lower at $7.70/MMBtu. The UK National Balancing Point day-ahead price was assessed 39:’ higher at $7.59/MMBtu, while the August futures contract similarly inched up 3￠ to $7.56/MMBtu. Netbaeks for Mideast sellers in Asia were about $l .80/ MMBtu higher than in Southwest Europe, while UK/Belgian netbaeks were more than $2.20/MMBtu lower than in Asia.