Japan’s spot LNG prices hit new lows in May

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By Adnan Bajic Prices of spot liquefied natural gas (LNG) imported into Japan have reached their lowest point in May.

Courtesy of Tokyo Gas

To remind, Japanese Ministry of Economy, Trade and Industry (METI) started compiling the data in March 2014.

In its latest monthly report, the ministry noted the contract-based spot LNG price for May reached $2.2 per mmBtu. The price slipped from $2.4 per mmBtu in the previous month pushed by the continued effect of coronavirus pandemic on commodities demand.

Compared to May 2019 when METI reported a contract-based price of $5.4 per mmBtu, the price slipped 59.3 per cent.

The arrival-based price

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