LNG

Japan, the world's No. 1 liquefied natural gas importer, has stopped releasing monthly spot LNG prices contracted for or delivered to Japan that had been in force for seven years under the powerful Ministry of Economy, Trade and Industry (METI) and after being brought in to monitor price surges.

Japanese spot liquefied natural gas cargoes delivered in November cost almost half the price of a year ago but edged higher compared with the previous month as global prices remained flat amid abundant supplies.