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

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