East-West arb window closed, Europe regains competitiveness on attracting LNG cargoes

Weaker arbitrage opportunities for LNG have emerged due to a narrowed price spread between the Asian and European markets, prompting some cargoes originally destined for Asia to redirect towards Europe. Platts, part of S&P Global Commodity Insights, assessed the DES Northwest European marker for November at $12.851/MMBtu on Oct. 7, down around 0.12% on the day. At the same time,…Weaker arbitrage opportunities for LNG have emerged due to a narrowed price spread between the Asian and European markets, prompting some cargoes originally destined for Asia to redirect towards Europe. Platts, part of S&P Global Commodity Insights, assessed the DES Northwest European marker for November at $12.851/MMBtu on Oct. 7, down around 0.12% on the day. At the same time,…Read More