We study the limit of quasilocal energy defined in [7] and [8] for a family of spacelike 2-surfaces approaching null infinity of an asymptotically flat spacetime. It is shown that Lorentzian symmetry is recovered and an energy-momentum 4-vector is obtained. In particular, the result is consistent with the Bondi-Sachs energy-momentum at a retarded time. The quasilocal mass in [7] and [8] is defined by minimizing quasilocal energy among admissible isometric embeddings and observers. The solvability of the Euler-Lagrange equation for this variational problem is also discussed in both the asymptotically flat and asymptotically null cases.