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

 

Share this article

Follow LNG World News

Events>

<< Oct 2019 >>
MTWTFSS
30 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 31 1 2 3

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >