Japan: spot LNG contracted in Sep at USD 13.2 per mmBtu

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

Japan’s price of spot LNG that is contracted in September averaged $13.2 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 September is $11.3 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.

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, October 9, 2014; Image: Tokyo Gas