Japan’s spot LNG price posts first rise in 2016

Japan's spot LNG price posts first rise in 2016

The price of spot liquefied natural gas imported into Japan has shown the first glimpse of recovery in June following record lows in the previous two months. 

According to the monthly report issued by Japan’s Ministry of Economy, Trade and Industry (METI), the price of spot LNG cargoes arriving in June reached US$4.5 per mmBtu on DES basis.

To remind, the price of spot cargoes arriving in May was at a record low of $4.3 per mmBtu.

The price of spot cargoes contracted in May was at $4.1 per mmBtu while the ministry has not published the details on spot-LNG that was contracted in June 2016.

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>

<< Aug 2019 >>
MTWTFSS
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 31 1

LNGgc London

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

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >