Japan’s spot LNG price drops in February

Japan's spot LNG price drops in February
Illustration only. Image source: Pixabay under CCO Creative Commons license.

The price of spot liquefied natural gas contracted in Japan continued its decline in February. 

Data from the Japanese Ministry of Economy, Trade and Industry (METI) shows the contract-based price reached $7.5 per mmBtu, 8.5 percent below the $8.2 per mmBtu reported in January.

The arrival-based price declined 21 percent from $10.5 per mmBtu in January to $8.3 per mmBtu during the month under review.

Compared to the corresponding month in 2018, however, both the contract-based and the arrival-based prices dropped 29.2 and 23.8 percent, respectively.

Only spot LNG cargoes are taken into account in this assessment, 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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