Japan’s spot LNG price keeps rising

Japan's spot LNG price keeps rising
Image courtesy of Tokyo Gas

The average price of spot LNG for delivery into Japan that was contracted in November was at US$7 per mmBtu.

This was an increase of 14.75 percent in comparison to the month of October when the spot LNG was contracted at $6.1 per mmBtu. In addition, the November contract-based price was the highest since January 2016 when the price stood at $7.1 per mmBtu.

The report from the Japanese Ministry of Economy, Trade and Industry (METI) shows that the price of spot LNG arriving into Japan during the month of November was at $5.9 per mmBtu, rising 3.5 percent from the $5.7 per mmBtu recorded in October.

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

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