Japan’s spot LNG price drops further in February

Japan's spot LNG price drops further in February

Japan’s price of spot liquefied natural gas contracted in February averaged US$6.5 per mmBtu on DES basis.

The price dropped 8.5 percent compared to $7.1 per mmBtu January, when it has already reached the lowest point since Japan’s Ministry of Economy, Trade and Industry (METI) started publishing monthly reports in March 2014.

Compared to the same month in 2015, the contract-based price dropped 13.3 percent from $7.5 per mmBtu.

According to METI’s latest report, the average price of spot-LNG imported into Japan that arrived in February stood at $6.9 per mmBtu. This was a drop of 12.7 percent compared to the $7.9 per mmBtu in January 2016.

In comparison to February 2015 when it stood at $10.7 per mmBtu, the arrival-based price dropped 35.5 percent.

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>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 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 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >