Japanese LNG Spot Price Drops in April

The average price of spot LNG imports into Japan contracted in April 2019 was $5.2/mn Btu, down 43% year-on-year, the country's trade ministry (Meti) said May 15. Compared with March, the price was down close to 19%.

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

Meti also published May 15 official average arrivals-based price. The latest figures show that April arrivals’ average value was $5.9/mn Btu, down from $7.1/mn Btu for March.