Japan: January spot LNG price drops to USD 10.2 per mmBtu

Japan’s price of spot LNG that is contracted in January averaged $10.2 per mmBtu on DES basis, the country’s Ministry of Economy, Trade and Industry (METI) said in a statement.

January spot prices for the world’s biggest buyer of liquefied natural gas fell down compared to $11.60 for the previous month,

“The average price of spot LNG imported into Japan that arrived in January is $13.9 per mmBtu,” according to the report.

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.

Japan imported 87.73 million tonnes of LNG in the fiscal year ended in March, up 1 percent compared to the same period a year ago.

LNG World News Staff; Image: Kogas