Japan’s METI: no spot LNG price data in May

Japan's METI: no spot LNG price data in May

Japan’s Ministry of Economy, Trade and Industry (METI) said on Tuesday it could not release its monthly spot LNG price data as there were not enough trades in May.

In accordance with Statistics Act, we can publish the price of the spot-LNG only in the cases where there are two or more reporters that imported spot-LNG,” METI informed in a statement posted on its website.

“If there is only one reporter or none at all, we will not publish a price,” it added.

This is the first time METI was not able to release its monthly spot LNG price data since it started publishing these reports in April of 2014.

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; Image: Tepco

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >