Japanese March Spot LNG Price Drops

The average price of spot LNG imports into Japan contracted in March was $3.4/mn Btu, sharply down from $6.4/mn Btu in the same month a year earlier, the country's trade ministry (Meti) said April 9. Compared with February, the price was unchanged.

Meti prices are delivered ex ship (DES) in Japan or else are converted into a DES equivalent. Meti did not publish the official average arrivals-based prices for March 2020.