May 20, 2024 09:39 GMT
US LNG Netbacks Favour Asia: BNEF
LNG
Asia remains the most profitable market for US LNG over July-November, although APAC’s premium over the Atlantic has narrowed slightly for more prompt months, BNEF said.
- For July delivery, Asia earns a netback of $7.39/MMBtu, up 4 cents/MMBtu on the day. Meanwhile while Europe earns a netback of $6.58/MMBtu for July arrival, up 17 cents/MMBtu.
- For August, the Asia netback is $7.53/MMBtu, up 6 cents/MMBtu on the day. This remains above Europe’s $6.68/MMBtu netback for August, up 20 cents/MMBtu.
- In September, Asia’s netback is up 30 cents/MMBtu on the day at $7.97/MMBtu, while Europe’s netback is up 23 cents/MMBtu to $7.00/MMBtu.
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