LNG Spot Prices in Asia Go on Tumbling on Weak Demand, Ample Supply

摘要

Spot LNG prices in Northeast Asia have gone on tumbling, falling 45φ to $4.50 per million Btu over the past week on growing expectations of very soft spring demand and even more supply, according to WGI assessments for LNG cargoes for delivery four to eight weeks ahead. In Southwest Europe, spot LNG prices were assessed steady at $4.30/MMBtu. The UK National Balancing Point (NBP) day-ahead price was assessed 10 lower at $4.28/MMBtu, while March futures jumped 15φ to $4.26. Netbacks for Mideast sellers in Asia were nearly $1.10/ MMBtu higher than in Southwest Europe, while UK/Belgian netbacks were $1.25/ MMBtu less than in Asia.