Japan’s spot LNG price keeps rising

Japan's spot LNG price keeps rising
Image courtesy of Tepco

Japan’s average price of spot liquefied natural gas (LNG) that was contracted in February edged up to US$8.5 per mmBtu, the Ministry of Economy, Trade and Industry (METI) said on Thursday.

The contract-based price rose the fifth month in a row, from $8.4 per mmBtu in January, which was the two-year high record for the month.

METI’s data also shows that the price of spot LNG arriving into Japan during the month of February reached $8.8 per mmBtu, up from $7.3 per mmBtu in January.

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 >