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

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