Japanese December Spot LNG Price Drops

The average price of spot-LNG imported into Japan contracted in December 2018 was $9.2/mn Btu, down 9.8% year-on-year, the country's trade ministry (Meti) said January 15. The price was down 14.8% month-on-month.

Meti prices are ‘delivered ex ship’ in Japan, or else are converted into such a ‘DES’ equivalent.

Japan’s Meti also published January 15 official average arrivals-based prices each month for spot LNG cargoes. Latest figures show that December arrivals’ average value was $10.6/mn Btu, down from $11.5 for November.