AsiaLNG Terminals

Report: Asian spot LNG prices hit record highs

By LNG Prime Staff
Report Asian spot LNG prices hit record highs
Sinopec's LNG import terminal in Tianjin (Image: Sinopec)

Asian spot LNG prices have reportedly hit six-year highs on the back of strong winter demand in China and Japan.

Reuters reported on Thursday, citing unidentified sources, that the average LNG price for February delivery into Northeast Asia reached about $14.60 per million British thermal units.

This marks a $2.10 climb or a 17 percent rise compared to the week before, according to the news agency.

Furthermore, the agency claims that Asia would import nearly 27 million tonnes of LNG in December. This amount would take over the previous monthly high set in December last year at about 23.6 million tonnes.

China’s LNG imports in December would hit over 9 million tonnes, a jump of about 40% from November with the country overtaking Japan as the world’s top importer for a second straight month, the report said.

Additonally, Japan would also take record monthly volumes in December for a total of about 8.1 million tonnes, the agency said citing ship tracking data.

Most Popular

Contracts and Tenders

Excelerate buys NFE’s Jamaica business for $1.05 billion

US FSRU player Excelerate Energy has entered into a definitive agreement with compatriot LNG player New Fortress Energy to acquire NFE’s business in Jamaica for $1.055 billion in cash.
LNG Terminals

Snam’s Ravenna FSRU to get first LNG shipment

Snam's 170,000-cbm FSRU BW Singapore, located off Italy's Ravenna, is set to receive the first LNG cargo from the US as part of its commissioning activities.
Contracts and Tenders

Argentina’s Enarsa gets offers for LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received seven offers for its first LNG cargo tender in 2025.

More News Like This

LNG Terminals

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.
LNG Terminals

Japan’s Tokyo Gas completes Sodegaura LNG power plant

Japan’s city gas supplier and LNG importer, Tokyo Gas, has completed its power plant located at the LNG import terminal in Sodegaura, Chiba prefecture.
LNG Terminals

Japan’s Tokyo Gas to expand LNG trading business

Japan’s city gas supplier and LNG importer, Tokyo Gas, plans to expand its liquefied natural gas trading business further, including in the US.
LNG Terminals

CNOOC’s Binhai LNG terminal gets 100th cargo

China National Offshore Oil Company (CNOOC) has received the 100th cargo at its giant Binhai LNG import terminal in Jiangsu.

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