Japan’s spot LNG prices climb in November The price of spot liquefied natural gas contracted in Japan has continued to climb during the month of November.
According to the monthly report by the Japanese Ministry of Economy,Trade and Industry,spot LNG price contracted in November edged up1percent over October2018,from$10.7per mmBtu to$10.8per mmBtu.
Compared to the corresponding month in2017,when the contract-based price reached$9per mmBtu,the increase was20percent,the data shows.
The price of spot LNG arriving into Japan during November has shown a higher increase with November prices averaging$11.5per mmBtu,8.5percent up on October2018and62percent up on the corresponding month last year.
Only spot LNG cargoes are taken into account in this assessments,excluding short,medium and long-term contract cargoes,as well as those linked to a particular price index.