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US LNG More Profitable to Asia

LNG

US LNG exports are currently more profitable to Asia in the November-January period, while the price spread between Asia and Europe narrowed for November, BNEF data showed.

  • The US LNG netback to Europe is currently $9.37/MMBtu for November, up from $8.36/MMBtu on Friday.
  • The US LNG netback to Asia is currently $9.73/MMBtu for November, down from $10.83/MMBtu on 29 September.
  • China’s Golden Week holiday is likely to curb buying activity from China, which could weigh on LNG prices in the region.
  • JKM Nov 23 down -10.4% at 13.31$/mmbtu
  • JKM-TTF Nov 23 down -2$/mmbtu at 0.76$/mmbtu

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