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US LNG More Profitable to Asia in Dec-Jan

LNG

US LNG exports are currently more profitable to Asia in December, January 2024 and February 2024 according to BNEF.

    • JKM-TTF May 24 up 2.9$/mmbtu at 1.76$/mmbtu
  • The US LNG netback to Europe is currently $11.90/MMBtu for December, up from $11.86/MMBtu yesterday.
  • The US LNG netback to Asia is currently $12.82/MMBtu for December, down from $12.92/MMBtu the day before.
  • At the same time, Asian spot LNG cargoes are being offered near the $20/mmbtu range for November-December delivery, as some of the region’s buyers inquire about shipments for the winter months according to Bloomberg.

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