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Spot LNG in Northeast Asia fell 10 cents to $6.15/MMBtu for delivery four to eight weeks ahead, as healthy supply met slowing summer demand. Southwest Europe spot held at $5.30/MMBtu, while the UK NBP day-ahead price rose 21 cents to $5.66/MMBtu.
Mideast seller netbacks into Asia were more than 80 cents above those in Europe.
Ample LNG supply and softening Asian demand weigh on global gas benchmarks, which indirectly pressures US natural gas export economics.
energyintel.comAug 23, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
