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Japan Spot LNG Contract Price Hits 5-month High

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The average contract price for spot liquefied natural gas (LNG) cargoes for shipment to Japan last month hit a five-month high of $10.00 per million British thermal units (mmBtu), Japan's trade ministry data showed on Thursday.

Asian spot LNG prices held around $10 last month as a heatwave gripped Japan and high temperatures swept across South Korea and parts of China, boosting cooling demand.

The average price of spot LNG cargoes that arrived in Japan last month was $10.30 per mmBtu.

METI surveys spot LNG cargoes bought by Japanese utilities and other importers, but excludes cargo-by-cargo deals linked to benchmarks such as the U.S. natural gas Henry Hub index.

It only publishes a price if there is a minimum of two eligible cargoes reported by buyers.

The following table lists the monthly average prices in mmBtu for contracted and arriving spot LNG cargoes. Prices are converted to delivery on an ex-ship basis.

Year
Month Contract price Arrival price
2018 July $10.00 $10.30
2018
June $9.30 $8.90
2018
May $8.20 $7.90
2018
April $9.10
$8.80
2018
March $8.80
$10.20
2018
February $10.60
$10.90
2018
January $11.00
$10.10
2017
December $10.20
$8.10
2017
November $9.00 $7.10
2017
October $8.20
$6.10
2017
September $6.90
$5.80
2017
August $5.80
$5.60
2017
July $5.60
$5.60
2017
June n/a $5.60
2017
May $5.70
$5.70
2017
April $5.70
$5.90
2017
March $6.30
$7.50
2017
February $8.50
$8.80
2017
January $8.40
$7.30
2016 December $8.00
$6.80
2016 November $7.00 $5.90
2016 October $6.10 $5.70
2016 September $5.70 n/a
2016 August n/a $5.40
2016 July $5.80 $6.00


(Reporting by Osamu Tsukimori)

Aug 9, 2018

 

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