Japan’s spot LNG price climbs in August

Japan’s price of spot liquefied natural gas contracted in August averaged US$8.1 per mmBtu on DES basis, up from US$7.9 per mmBtu in July, according to the Ministry of Economy, Trade and Industry (METI).

The average price of spot LNG imported into Japan that arrived in August 2015 was at US$7.7 per mmBtu, the data shows.

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; Image: Tepco