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

Share this article

Follow LNG World News

Events>

<< Aug 2018 >>
MTWTFSS
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 31 1 2

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >

Gastech Exhibition & Conference 2018

The leading exhibition and conference for the global gas, LNG and energy industries.

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >