September 08, 2023 08:21 GMT
US-LNG More Profitable to Asia: BNEF
US LNG exports are more profitable to Asia in October, while Europe is the premium market in November and December, according to BNEF.
- In October, Asia earns a netback of $9.88/MMBtu, compared to $7.83/MMBtu for Europe.
- However, The November netback to Europe is $10.69/MMBtu, compared to $10.58/MMBtu for Asia.
- In December, Europe earns a netback of $12.10/MMBtu, compared to $11.95/MMBtu to export a cargo to Asia.
- The JKM-TTF Oct 23 down is stable on the day at 2.61$/mmbtu.