Executive Summary Forecasts
- Spot LNG prices in Northeast Asia fell to around $5.2/MMBtu in May. However, small gains have been seen and further rises are expected. Demand-side support will push regional spot LNG prices up to an average of around $6.6/MMBtu in Q3.
- The NBP month-ahead had fallen to around 36-37 p/th by mid-May. Pressure on prices is expected to continue to push the NBP down over the coming weeks. GGA estimates the average NBP month-ahead price will be around 34 p/th in Q3.
- Henry Hub prices look likely to...