Japan’s spot LNG prices plummet in September

Spot liquefied natural gas prices imported and contracted in Japan during the month of September plummeted year-on-year according to the authority data. 

Data from the Japanese Ministry of Economy, Trade and Industry (METI) shows the September contract-based price was at $5.4 per mmBtu, 49.06 percent below the $10.6/mmBtu recorded in September 2018.

The price did, however, edge up slightly from $5.3/mmBtu in the previous month.

The price of LNG spot cargoes arriving into Japan in September slipped to $4.9/mmBtu, 10.9 percent below the price in August 2019. However, compared to September 2018 this is a 51.5 percent slump.

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.

LNG World News Staff