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.

- Advertisements -

Most Popular

Contracts and Tenders

BP, PetroChina book capacity at Dutch Gate LNG terminal

BP and a unit of PetroChina have agreed to book long-term capacity at the Dutch Gate LNG import terminal,...
LNG Terminals

TotalEnergies releases Mozambique LNG report

French energy giant TotalEnergies on Tuesday released a report regarding the humanitarian situation in the province of Cabo Delgado,...
Vessels

LNG carrier Golar Gandria sold for demolition

Floating LNG player Golar LNG has sold its 1977-built LNG carrier, Golar Gandria, for demolition, according to brokers. The 125,000-cbm...

More News Like This

LNG Terminals

Japan’s LNG imports down 18.7 percent in April

Japan, the world’s top liquefied natural gas importer, reported lower LNG imports in April when compared to the same...
LNG Terminals

Japan’s LNG imports drop 12 percent in March

Japan, the world’s top liquefied natural gas importer, reported lower LNG imports in March when compared to the same...
LNG Terminals

Japan’s LNG imports down 10 percent in February

Japan, the world’s top liquefied natural gas importer, reported lower LNG imports in February when compared to the same...
LNG Terminals

Japan’s LNG imports slightly up in January

Japan, the world’s top liquefied natural gas importer, reported slightly higher LNG imports in January while the import bill...

2023. © All rights reserved. LNGPrime.