Japan: spot LNG contracted in Dec at USD 11.6 per mmBtu

Japan’s price of spot LNG that is contracted in December averaged $11.6 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 December is $15.1 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, 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; Image: Tokyo Gas