Asia Pacific: Price trends

Northeast Asian LNG import prices were around $6/MMBtu in June – with China paying the highest average price in the region.

China paid an average of $6.2/MMBtu for LNG imports in June 2016. Although this was a 35% drop compared with June 2015, it was higher than the $5.8/MMBtu average paid by Japan, or the $5.7/MMBtu paid by South Korea. China typically has the lowest-average LNG prices of any country in the region, but more expensive imports are now accounting for an increasing share of its LNG mix. The low prices of older contracts with Australia and Indonesia are being outweighed by new supplies.