May 22, 2024 10:21 GMT
US LNG Netbacks Favour Asia: BNEF
LNG
Asia remains the most profitable market for US LNG until at least November, although Europe has narrowed the APAC premium due to a faster rising TTF, BNEF said.
- For July delivery, Asia earns a netback of $8.13/MMBtu, up 51 cents/MMBtu on the day. Meanwhile, Europe earns a netback of $7.40/MMBtu for July arrival, up 66 cents/MMBtu.
- For August, the Asia netback is $8.16/MMBtu, up 47 cents/MMBtu on the day. This remains above Europe’s $7.48/MMBtu netback for August, up 64 cents/MMBtu.
- In September, Asia’s netback is up 24 cents/MMBtu on the day at $8.37/MMBtu, while Europe’s netback is up 64 cents/MMBtu to $7.79/MMBtu.
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