Japanese Spot LNG Price in May Drops

The average price of spot LNG imports into Japan contracted in May 2019 was $5.4/mn Btu, down from $8.2/mn Btu in the same month a year ago, the country's trade ministry (Meti) said June 11. Compared with April, the price was, however, up 3.9%.

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

Meti also published June 11 official average arrivals-based price. The latest figures show that May arrivals’ average value was $5.3/mn Btu, down from $7.9/mn Btu for May 2018.