Japan’s spot LNG price highest since February 2015

Japan's spot price highest since February 2015
For illustration only (Image courtesy of Tokyo Electric)

The average price of spot LNG imported into Japan that was contracted during the last month of 2017 was at $10.2 per mmBtu.

Data from  Japan’s Ministry of Economy, Trade and Industry (METI), shows that the price has not been at this level since February 2015 when the contract-based price was at the same level.

This also represents a 13.3 percent increased over the $9 per mmBtu price recorded in November.

METI’s data also shows the arrival-based price also rose from $7.1 per mmBtu in November to $8.1 per mmBtu for the month under review, a 14 percent increase.

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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