Japan’s spot LNG price drops in March

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

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

Data from the Japanese Ministry of Economy, Trade and Industry (METI) shows the contract-based price slipped to $6.4 per mmBtu, a 14.7 percent drop from February price.

Compared to March 2018 when the price was at $8.8 per mmBtu this represents a 27.3 percent drop.

The arrival-based prices slipped 14.5 percent from February to March. The price dropped from $8.3 per mmBtu to $7.1 per mmBtu during the month under review.

Compared to March 2018, the price declined 30.4 percent from $10.2 per mmBtu,

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

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 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 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >