Japan’s average price of spot liquefied natural gas (LNG) that was contracted in December continued to rise for a third straight month to $8.00 per million British thermal units, the Ministry of Economy, Trade and Industry (METI) said on Friday.
The average price of spot LNG contracted in December increased $1 per MMBtu from the previous month and it was the highest since August 2015. Compared to December 2015, the spot LNG price increased $0.6 per MMBtu, according to METI’s data.
METI’s data also shows that the price of spot LNG arriving into Japan during the month of December was at $6.8 per mmBtu, up $0.9 per MMBtu from the previous month.
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