Japan’s spot LNG arrival price up in July

The average price of spot LNG cargoes delivered into Japan in July rose 33 percent from June, according to the data from the Ministry of Economy, Trade and Industry (METI).

The average price of LNG cargoes delivered into Japan in July reached $6 per mmBtu on DES basis, as compared to $4.5 per mmBtu in June, the data showed.

This represents a rise for the second straight month and it is the highest price since March this year.

The average price of spot LNG cargoes contracted in July was at $5.80 per mmBtu, the highest since February this year.

METI did not publish an average price of spot cargoes contracted in June as there were less than two trades.

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

LNG World News Staff