Japan’s spot LNG price pegged back after 3-year high

Japan's spot LNG price pegged back after 3-year high
Image courtesy of Tokyo Gas

The average price for spot liquefied natural gas (LNG) cargoes imported into Japan that was contracted in the month of February was pegged back slightly compared to the previous month. 

The contract-based price was at $10.6 per mmBtu, a 3.6 percent decrease compared to the $11 per mmBtu contract-based price in January which was the highest in over three years.

However, data from Japan’s Ministry of Economy, Trade and Industry still shows that compared to the corresponding month in 2017, the contract based price increased 24.7 percent.

The price of spot LNG arriving in Japan during the month of February increased compared to the previous month as well as the corresponding month a year ago.

Compared to January 2018 when the ministry reported an arrival-based price of $10.1 mmBtu, the February price stood at $10.9 per mmBtu, 7.9 percent higher. Compared to February 2017, the increase was even higher at 23.9 percent.

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>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 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 31

6th Mozambique Gas Summit & Exhibition

The CWC Group and ENH would like to thank all attendees, speakers, sponsors and exhibitors…

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

Meet with the Gas, LNG & Power Industry in Brazil & the Americas

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >