Japan’s spot LNG price slides in April

Japan’s spot LNG price slides in April
Illustration purposes only (Image courtesy of Tokyo Electric)

The price of spot liquefied natural gas contracted in Japan has continued its slide with prices declining again in April.

Data from the Japanese Ministry of Economy, Trade and Industry (METI) shows the contract-based price slipped to $5.2 per mmBtu, an 18.7 percent drop from March price.

Compared to April 2018 when the price was at $9.1 per mmBtu this represents a 42.9 percent drop.

The arrival-based prices slipped 16.9 percent from March to April. The price dropped from $7.1 per mmBtu to $5.9 per mmBtu during the month under review.

Compared to April 2018, the price declined 32 percent from $8.8 per mmBtu,

Only spot LNG cargoes are taken into account in this assessment, 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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