Japan: spot LNG contracted in Aug at USD 11.4 per mmBtu

Japan spot LNG contracted in Aug at USD 11.4 per mmBtu

Japan’s price of spot LNG that is contracted in August averaged $11.4 per mmBtu on DES basis, the country’s Ministry of Economy, Trade and Industry (METI) said in a statement.

The average price of spot LNG imported into Japan that arrived in August is $12.5 per mmBtu,” according to the report.

Only spot LNG cargoes are taken into account in its assessment, excluding short-, medium- and long-term contract cargoes, as well as those linked to a particular price index, it added.

Japan, the world’s biggest buyer of liquefied natural gas, 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, September 9, 2014; Image: Tokyo Gas

 

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