Japan’s price of spot LNG that is contracted in August averaged $11.4 per mmBtu on DES basis, the country’s Ministry of Economy, Trade and Industry (METI) said in a statement.
“The average price of spot LNG imported into Japan that arrived in August is $12.5 per mmBtu,” according to the report.
Only spot LNG cargoes are taken into account in its assessment, excluding short-, medium- and long-term contract cargoes, as well as those linked to a particular price index, it added.
Japan, the world’s biggest buyer of liquefied natural gas, imported 87.73 million tonnes of LNG in the fiscal year ended in March, up 1 percent compared to the same period a year ago.
LNG World News Staff, September 9, 2014; Image: Tokyo Gas