LNG

Japanese spot LNG delivered cargo prices surged to an average of $11.50 per million British thermal units in November, a rise of $4.40 per MMBtu compared with the price a year ago of $7.10 per MMBtu.

The Japan Fair Trade Commission, a regulatory body aimed at maintaining competitive markets, is investigating long-term liquefied natural gas supply contracts with destination clauses that impose restrictions on buyers selling cargoes on to third parties.