The average price for spot liquefied natural gas (LNG) cargoes imported into Japan, contracted in the month of July, increased for the second month in a row.
Data released by Japan’s Ministry of Economy, Trade and Industry shows the average base price of these spot LNG cargoes was at $10 per mmBtu, up from $9.3 per mmBtu in June.
The contract-based price significantly jumped compared to the $5.6 per mmBtu recorded in July 2017.
In terms of prices of the LNG cargoes arriving into Japan in July, the price stood at 10.3 per mmBtu, up from $8.9 mmBtu in June 2018.
Compared to the arrival-based price recorded in July 2017, of $5.6 per mmBtu, the July 2018 figure represents an 84 percent increase.
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