Global Markets

Price spreads hit three-year high

Price spreads between the Henry Hub and benchmark gas markets in Asia and Europe hit three-year highs in December.
By Staff reporter 21 December 2017 0 28885

Price spreads between the Henry Hub and benchmark gas markets in Asia and Europe hit three-year highs in December and could continue to widen in the coming weeks, according to Platts.

The Platts Japan-Korea-Marker was assessed at $8.11/MMBtu on Monday and the UK’s NBP climbed to $8.83/MMBtu in mid-December.

The spread offers the best margin so far for LNG exporters in the United States, with arbitrage profit to Asia and Europe of $4.25/MMBtu and $3.65/MMBtu respectively.

The sole US export facility at Sabine Pass exported 12...