Japan: December spot LNG price flat

Japan’s price of spot liquefied natural gas contracted in December averaged $7.4 per mmBtu on DES basis, same as in November.

According to the monthly spot LNG data by Japan’s Ministry of Economy, Trade and Industry (METI), the average price of spot-LNG imported into Japan that arrived in December stood at $7.5 per mmBtu, also the same as the previous month.

The average LNG price for cargoes arriving last month and in November in Japan was also the lowest since METI started publishing these reports in March last year.

Only spot LNG cargoes are taken into account in this assessments, excluding short, medium and long-term contract cargoes, as well as those linked to a particular price index.

 

LNG World News Staff

 

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Posted on January 13, 2016

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