May 24, 2024 09:49 GMT
US LNG Netbacks Favour Asia: BNEF
LNG
Asia remains the most profitable market for US LNG until at least November as of May 24, with the JKM-TTF spread widening, BNEF said.
- For July delivery, Asia earns a netback of $8.51/MMBtu, up 42 cents/MMBtu on the day. Meanwhile, Europe earns a netback of $7.68/MMBtu for July arrival, up 27 cents/MMBtu.
- For August, the Asia netback is $8.68/MMBtu, up 46 cents/MMBtu on the day. This remains above Europe’s $7.76/MMBtu netback for August, up 26 cents/MMBtu.
- In September, Asia’s netback is up 42 cents/MMBtu on the day at $8.89/MMBtu, while Europe’s netback is up 25 cents/MMBtu to $8.09/MMBtu.
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