Japan’s spot LNG price down In Jan

Japan’s price of spot liquefied natural gas contracted in January averaged $7.1 per mmBtu on DES basis, down 30 cents from the previous month.

The average LNG price for cargoes contracted last month in Japan was also the lowest since Japan’s Ministry of Economy, Trade and Industry (METI) started publishing monthly reports in March 2014.

To remind, the spot LNG price for cargoes contracted in March 2014 averaged $18.3 per mmBtu and $10.2 per mmBtu in January last year.

According to METI, the average price of spot-LNG imported into Japan that arrived in January stood at $7.9 per mmBtu, a rise of 40 cents as compared to December.

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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