Global Markets: Japan’s May spot LNG price down on month

lng japan - mozambiqueminingpost.jpgThe average price for spot liquefied natural gas (LNG) cargoes imported into Japan, contracted in the month of May, dropped compared to the previous month.

The contract-based price was at $8.2 per mmBtu, a 9.9 percent increase compared to the $9.1 per mmBtu contract-based price in April, data from Japan’s Ministry of Economy, Trade and Industry shows. This is also the lowest price since October 2017.

Compared to the $5.7 per mmBtu recorded in May 2017, this figure rose 43.8 percent.

The price of liquefied natural gas spot cargoes arriving in May also dropped compared to the previous month. METI’s report shows the arrival-based price for the month of May was $7.9 per mmBtu, down from $8.8 in April.

Compared to May 2017, when METI reported a contracted-based price of  $5.7 per mmBtu, this was a 38.6 percent increase.

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. by LNG World News Staff

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.