Japan’s spot LNG arrival price down in August

For illustration only (Image: Tokyo Gas)
For illustration only (Image: Tokyo Gas)

The average price of spot LNG cargoes delivered into Japan in August dropped 10 percent from July, according to the data from the Ministry of Economy, Trade and Industry (METI).

The average price of cargoes delivered into Japan in August reached $5.4 per mmBtu on DES basis, as compared to $6 per mmBtu in July.

The August price dropped 30 percent when compared to $7.7 per mmBtu in August of 2015, the data showed.

METI did not publish an average price of spot cargoes contracted in August as there were less than two trades.

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

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 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 31 1

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >