Japan’s spot LNG prices plummet in September

Japan's spot LNG prices plummet in September
Image courtesy of Tepco

Spot liquefied natural gas prices imported and contracted in Japan during the month of September plummeted year-on-year according to the authority data. 

Data from the Japanese Ministry of Economy, Trade and Industry (METI) shows the September contract-based price was at $5.4 per mmBtu, 49.06 percent below the $10.6/mmBtu recorded in September 2018.

The price did, however, edge up slightly from $5.3/mmBtu in the previous month.

The price of LNG spot cargoes arriving into Japan in September slipped to $4.9/mmBtu, 10.9 percent below the price in August 2019. However, compared to September 2018 this is a 51.5 percent slump.

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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