Japan: spot LNG price drops to USD 7.6 per mmbtu in February

The average price of spot-LNG imported into Japan that was contracted in February 2015 was at $7.6 per mmbtu on DES basis, Japan’s Ministry of Economy, Trade and Industry (METI) said in a statement.

The average price of spot-LNG imported into Japan that arrived in February 2015 fell to $10.7 compared to the January price that averaged $13.9 per mmbtu.

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: Tepco

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