Japanese spot LNG rises to $9.30 per MMBtu on North Asia competition and stronger oil market
The surge in liquefied natural gas spot prices in the past year is shown in the latest Japanese government data, with contracted shipments valued at $9.30 per million British thermal units compared with $5.70 per MMBtu a year ago.
Japanese contracted spot LNG cargoes now cost 59 percent more as oil and energy prices jump
Japanese spot cargoes contracted in April to arrive in Japan at a later date cost an average of $9.10 per MMBtu compared with $5.70 per MMBtu in April 2017, a rise of 59 percent and along with oil-linked, long-term contract deliveries will be adding to the nation’s energy import costs as oil prices rebound.
Japanese say average price of contracted spot cargoes in January was $11.00 per MMBtu
Japanese spot LNG cargo prices contracted in January surged 31 percent to an average $11.00 per million British thermal units, an increase of $2.60 MMBtu for each shipment compared with the $8.40 per MMBtu paid in the same month of 2017.
Japanese average spot LNG contract prices last month rose more than 27 percent year-on-year
Japanese government figures show that average spot liquefied natural gas cargo prices for Northeast Asia in December rose by $2.20 per million British thermal units to $10.20 per MMBtu compared with the same month a year ago.
Japanese LNG imports drop for third month as Asia offsets Mideast fall amid rising costs
Japanese liquefied natural gas imports dropped for a third month, with falling Middle East cargoes being partially offset by Asian deliveries as the nation opted for fewer shipments at 15.5 higher costs than a year ago.
Japanese delivered spot LNG cargo prices higher last month compared with a year ago
Japanese government figures show that the average delivered price of spot liquefied natural gas shipments arriving in Japan was higher at an average $5.90 per million British thermal units in April compared with $5.80 per MMBtu in April 2016.
