Feb 11 (LNGJ) - The LNG price differential between the Japanese market, Europe and the US widened further as Brent crude oil prices, a reliable indicator for the Japanese Crude Cocktail pricing formula, surged to more than $118 a barrel. The Japan-US differential was at $14.40 per million British thermal units. With Brent last at $118.70, Customs-cleared LNG prices in Japan are at around $17.70 per MMBtu, compared with $10.45 per MMBtu in Europe and $3.30 per MMBtu in the US.
Japan-US LNG diff at $14.40
Written by John McKay
Monday, 11 February 2013
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