Japan’s spot LNG price posts first rise in 2016

The price of spot liquefied natural gas imported into Japan has shown the first glimpse of recovery in June following record lows in the previous two months. 

According to the monthly report issued by Japan’s Ministry of Economy, Trade and Industry (METI), the price of spot LNG cargoes arriving in June reached US$4.5 per mmBtu on DES basis.

To remind, the price of spot cargoes arriving in May was at a record low of $4.3 per mmBtu.

The price of spot cargoes contracted in May was at $4.1 per mmBtu while the ministry has not published the details on spot-LNG that was contracted in June 2016.

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