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>

<< Jun 2019 >>
MTWTFSS
27 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

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging London

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

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 >