Japan’s spot LNG prices climb in June

Japan’s spot LNG prices climb in June
Illustration purposes only (Image courtesy of Tokyo Electric)

The price of spot liquefied natural gas contracted in Japan edged up slightly during the month of June with the arriving LNG prices showing a significant jump.

Data from the Japanese Ministry of Economy, Trade and Industry (METI) shows the contract-based price bumped up to $5.5 per mmBtu, a 1.85 percent increase from the May price.

Compared to June 2018 when the price was at $9.3 per mmBtu this represents a 40.9 percent drop.

The arrival-based prices jumped 41.5 percent from May to June. The price jumped from $5.3 per mmBtu to $7.5 per mmBtu during the month under review.

Compared to June 2018, the price declined 15.7 percent from $8.9 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

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 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 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

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

read more >

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 >