Japanese August Spot LNG Price Drops on Year

The average price of spot LNG imports into Japan contracted in August 2019 was $5.3/mn Btu, down from $10.7/mn Btu in the same month a year ago, the country's trade ministry (Meti) said September 10. Compared with July, the price was, however, up 12.8%.

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

Meti also published September 10 official average arrivals-based price. The latest figures show that August arrivals’ average value was $5.5/mn Btu, up from $4.7/mn Btu for July 2019.