Japan’s spot LNG contracted in October rebounds

Japan's spot LNG contracted in October rebounds
Image courtesy of Tepco

The average price of spot LNG for delivery into Japan that was contracted in October was at US$6.1 per mmBtu.

This is an increase of 7 percent compared to September when the contract-based price of spot LNG reached $5.7/mmBtu, Japanese Ministry of Economy, Trade and Industry (METI) said in its monthly report.

The price of spot LNG arriving into Japan during the month of October was at $5.7/mmBtu. To remind, METI did not publish the arrival-based price for September due to the lack of 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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