Japan: spot LNG contracted in Oct at USD 15.3 per mmBtu

Japan: spot LNG contracted in Oct at USD 15.3 per mmBtu

Japanese Ministry of Economy, Trade and Industry (METI) said in a statement that the average price of spot LNG imported into Japan in October was 15.3 USD per MMBtu on DES basis.

“The average price of Spot-LNG imported into Japan that arrived in October 2014 is 12.4  USD/MMBtu,” report shows.

Report only includes spot-LNG imports traded on a cargo to cargo basis, excluding the long, medium or short-term contracts. The report also excludes cargoes linked to a particular price index.

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 year before.

LNG World News Staff; Image: Tokyo Gas

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