Japanese September LNG Spot Price Drops Sharply

The average price of spot LNG imports into Japan contracted in September was $5.4/mn Btu, sharply down from $10.6/mn Btu in the same month a year ago, the country's trade ministry (Meti) said October 9. Compared with August, the price was, however, up 1.8%.

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

Meti also published October 9 official average arrivals-based prices. The latest figures show that September arrivals’ average value was $4.9/mn Btu, up from $5.5/mn Btu for August 2019.