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

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