Japanese spot LNG prices fall to lowest levels in more than 2 years
5/13/2016
By Osamu Tsukimori and Aaron Sheldrick
TOKYO, May 13 (Reuters) -- Prices for liquefied natural gas (LNG) spot cargoes arriving in Japan in April fell to the lowest since the trade ministry started publishing figures more than two years ago, official data showed on Friday.
The average price for arriving cargoes of LNG fell by $1 from a month earlier to $5.80 per MMBtu in April. The average contract price for cargoes fell to $4.20 per MMBtu.
Japan is the world's biggest LNG buyer.
(Reporting by Osamu Tsukimori and Aaron Sheldrick; Editing by Shri Navaratnam)
Sign up to Receive Our Newsletter
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Cook Inlet LNG advances FSRU project in Alaska (U.S.)
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
Comments