Spot LNG prices in the Asia Pacific region for June delivery are expected to average around $5.3/MMBtu. Weak seasonal demand is anticipated at the peak of summer, which will limit the upside for spot LNG prices in Northeast Asia over the coming months.
The NBP month-ahead was down to around 30-31 p/th as of mid-May. Hub prices in Europe are expected to remain under pressure from strong flows of cheap LNG, which are anticipated to continue to enter the region during the summer months.
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