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