Japan’s September spot LNG price jumps YoY

Japan's September spot LNG price jumps YoY
Illustration only. Image source: Pixabay under CCO Creative Commons license.

The price of spot liquefied natural gas contracted during the month of September in Japan jumped 53.6 percent year on year. 

Data from the Japanese Ministry of Economy, Trade and Industry shows the contract-based price reached $10.6 per mmBtu, compared to the $6.9 per mmBtu in September 2017.

Compared to the previous month, however, the price was pegged back from $10.7 per mmBtu.

The arrival-based price rose in September to $10.1 per mmBtu from $9.8 per mmBtu during August. Compared to last year, this is a 74.1 percent jump.

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

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