Japan’s spot LNG prices drop after brief uptick

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By Adnan Bajic Prices of spot LNG cargoes contracted or delivered into Japan during the month of August dipped again after a slight improvement in June and July.

Illustration only (Courtesy of K Line)

Data from the Ministry of Economy, Trade and Industry shows that the contract-based price in August was at $3.4 per mmBtu. This compares to $4.2 per mmBtu in July and $3.8 per mmBtu in June.

When compared to the corresponding month in 2019, when the price was $5.3 per mmBtu, the contract-based price dropped 35.9 per cent.

The arrival-based price also dropped from $4.1 per mmBtu in July, to $2.6 per

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