May 21, 2024 09:52 GMT
US LNG Netbacks Favour Asia: BNEF
LNG
Asia remains the most profitable market for US LNG until at least November, with the July APAC-Atlantic differential widening slightly, BNEF said.
- For July delivery, Asia earns a netback of $7.62/MMBtu, up 23 cents/MMBtu on the day. Meanwhile, Europe earns a netback of $6.74/MMBtu for July arrival, up 16 cents/MMBtu.
- For August, the Asia netback is $7.69/MMBtu, up 16 cents/MMBtu on the day. This remains above Europe’s $6.84/MMBtu netback for August, also up 16 cents/MMBtu.
- In September, Asia’s netback is up 16 cents/MMBtu on the day at $8.13/MMBtu, while Europe’s netback is up 15 cents/MMBtu to $7.15/MMBtu.
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