Global Markets: Japan’s spot LNG price down in January

The price of spot liquefied natural gas contracted in Japan was pegged back during January 2019, according to the Japanese Ministry of Economy, Trade and Industry (METI).

In its monthly report, the ministry shows the contract-based price reached $8.3 per mmBtu, 9.8 percent below the $9.2 per mmBtu price in December 2018, and 24.6 percent below the $11 per mmBtu recorded in January 2019.

The arrival-based price also decreased month on month, edging down only 1 percent from $10.6 per mmBtu in December 2018 to $10.5 per mmBtu in the month under review.

Compared to the corresponding month in 2018, however, the arrival-based price rose 4 percent from $10.1 per mmBtu.

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

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