Japan’s spot LNG price bumps up in July

Japan's spot LNG price bumps up in July
Illustration only. Image source: Pixabay under CCO Creative Commons license.

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

Share this article

Follow LNG World News

Events>

<< Oct 2018 >>
MTWTFSS
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 2 3 4

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

LNG Philippines Forum 2018

LNG’s role in the Philippines’ energy mix will only get bigger…

read more >

5th Mozambique Gas Summit & Exhibition

Following the Summit’s success in 2017, the CWC Group in partnership with ENH and with the support and participation from MIREME and INP, are delighted to invite you to the 5th edition of the Mozambique Gas Summit & Exhibition taking place at a larger venue this year, the NEW Joaquim Chissano Conference Centre in Maputo on 31 October – 2 November 2018.

Recognised as the leading strategic meeting for Mozambique’s gas industry, the event addresses the entire gas and LNG value chain bringing together Government officials with industry stakeholders for 3 highly interactive days of networking and frank discussions aiming to establish Mozambique as the next international gas hub.

More info

read more >