Supply Glut Puts Pressure on Asian Prices

摘要

Northeast Asian spot LNG prices fell 200 to $4.40 per million Btu,according to World Gas Intelligence assessments for deliveries four to eight weeks ahead,as weather-related support eased amid abundant supplies.Spot LNG prices in Southwest Europe held at $3.50/ MMBtu.The UK National Balancing Point day-ahead price rose 160 to $3.39/MMBtu,while the ICE September contract was unchanged at $3.64/MMBtu.Netbacks for Mideast sellers in Asia were almost 850 higher than in Southwest Europe,while UK/Belgian netbacks were around $1.05/MMBtu lower than in Asia.