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US LNG Exports More Profitable to Asia for Whole Winter: BNEF

LNG

Asia remains the premium market for US LNG until March 2024, as the JKM-TTF spread widens on the prompt.

  • The US LNG netback to October rose 1.8% on the day to $7.72/MMBtu Sep. 12, while the Europe netback rose 1.9% to $7.39/MMBtu.
  • In November, The Asia netback has a premium over Europe of 14 cents/MMBtu.
  • From December to February, Asia has a premium over Europe of between 37 cents/MMBtu in December and $1.18/MMBtu in February.
  • JKM-TTF Oct 23 up 0.4$/mmbtu at 0.75$/mmbtu.

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