AsiaLNG Terminals

Japan’s spot LNG price climbs in May

By LNG Prime Staff
Japanese spot LNG price rose in May when compared to the month before, according to state-run Japan Oil, Gas and Metals National Corp (JOGMEC).
For illustration only (Image: GasLog)

Japanese spot LNG price rose in May when compared to the month before, according to state-run Japan Oil, Gas and Metals National Corp (JOGMEC).

The average contract price for spot LNG cargoes shipped to Japan in May reached $9.60/mmBtu, JOGMEC said in its second-ever monthly report. This compares to $8.30/mmBtu last month.

It did not provide data for arrival-based price.

To remind, JOGMEC launched these reports after Japan’s Ministry of Economy, Trade and Industry said last month it would stop publishing its monthly data on spot LNG prices.

METI has been providing contract-based and arrival-based spot LNG price data since March 2014.

The ministry’s data shows that Japan’s contract-based price had reached $2.20/mmBtu in May 2020 while the arrival-based price was at $2.60/mmBtu.

Most Popular

LNG Terminals

Shell’s LNG Canada achieves first LNG

LNG giant Shell has started production at the first liquefaction train at its LNG Canada export terminal in Kitimat, an LNG Canada spokesperson told LNG Prime on Sunday.
Vessels

Excelerate buys GasLog LNG carrier

US FSRU player Excelerate Energy has purchased a 2007-built steam liquefied natural gas (LNG) carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.
Contracts and Tenders

NextDecade, Bechtel agree $9 billion EPC deals for two Rio Grande LNG trains

US LNG firm NextDecade and compatriot Bechtel have finalized EPC contracts worth $9.09 billion for the construction of the fourth and fifth trains and related infrastructure at the Rio Grande LNG facility in Texas.

More News Like This

LNG Terminals

Japan reports lower May LNG imports

Japan’s liquefied natural gas (LNG) imports dropped by 4.3 percent in May compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.
LNG Terminals

Japan’s April LNG imports climb

Japan’s liquefied natural gas (LNG) imports rose by 1.7 percent in April compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.
LNG Terminals

Japan’s LNG imports down 0.4 percent in 2024

The world's second-largest LNG importer took 65.89 million tonnes of LNG last year. The country imported 6.74 million tonnes...
LNG Terminals

Japan’s October LNG imports down

The country’s LNG imports decreased 2.2 percent year-on-year to 5.29 million tonnes last month. LNG imports also dropped compared to...

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA