May 17, 2024 09:44 GMT
US LNG Netbacks Favour Asia: BNEF
LNG
Asia’s position as the premium market for US LNG netbacks for July-November has widened further today, according to BNEF
- For July delivery, Asia earns a netback of $7.35/MMBtu, up 18 cents/MMBtu on the day. Meanwhile while Europe earns a netback of $6.41/MMBtu for July arrival, up one 7 cents/MMBtu.
- For August, the Asia netback is $7.47/MMBtu, up 19 cents/MMBtu on the day. This remains above Europe’s $6.48/MMBtu netback for August, up 9 cents/MMBtu.
- In September, Asia’s netback is up 22 cents/MMBtu on the day at $7.67/MMBtu, while Europe’s netback is up 8 cents/MMBtu to $6.77/MMBtu.
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