Japan’s spot LNG price up in December

For illustration only (Image courtesy of Tepco)

Japan’s average price of spot liquefied natural gas (LNG) that was contracted in December continued to rise for a third straight month to $8.00 per million British thermal units, the Ministry of Economy, Trade and Industry (METI) said on Friday.

The average price of spot LNG contracted in December increased $1 per MMBtu from the previous month and it was the highest since August 2015. Compared to December 2015, the spot LNG price increased $0.6 per MMBtu, according to METI’s data.

METI’s data also shows that the price of spot LNG arriving into Japan during the month of December was at $6.8 per mmBtu, up $0.9 per MMBtu from the previous month.

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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