Japanese Spot LNG Price in June Drops on Year

The average price of spot LNG imports into Japan contracted in June 2019 was $5.5/mn Btu, down from $9.3/mn Btu in the same month a year ago, the country's trade ministry (Meti) said July 10. Compared with May, the price was, however, up 1.85%.

Meti prices are ‘delivered ex ship’ in Japan, or else are converted into such a ‘DES’ equivalent.

Meti also published July 10 official average arrivals-based price. The latest figures show that June arrivals’ average value was $7.5/mn Btu, up from $5.3/mn Btu for May 2019. Compared with June 2018, the average arrivals-based price was, however, down almost 16%, Meti said.