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    Japanese September LNG Spot Price Drops Sharply

Summary

The average price of spot LNG imports into Japan contracted in September was $5.4/mn Btu.

by: Shardul Sharma

Posted in:

Natural Gas & LNG News, Asia/Oceania, Liquified Natural Gas (LNG), Security of Supply, News By Country, Japan

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.