Japan: Spot LNG Prices Contracted in March at USD 18.3, METI Says

Japan’s average price of spot LNG that is contracted in March is $18.3 per mmBtu on DES basis, Japan’s Ministry of Economy, Trade and Industry (METI) said on Friday.

This represents the first-ever survey of actual LNG deals by the trade ministry. METI said that the next monthly survey will be released in late May.

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, April 25, 2014; Image: Tokyo Gas

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