April 30, 2024 09:47 GMT
US LNG More Profitable to Asia: BNEF
LNG
Asia remains the most profitable destination for US LNG exports from June-October, according to BNEF.
- For June delivery, Asia earns a netback of $6.82/MMBtu, while Europe earns a netback of $5.83/MMBtu.
- For July, the Asia netback is $6.79/MMBtu versus $5.76/MMBtu for July.
- In August, Asia’s netback is $7.01/MMBtu, while Europe’s netback is $5.95/MMBtu.
- US supply is likely to pick up pace as Freeport LNG steadily increases production following an earlier unplanned outage.
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