Japan’s LNG imports increased by 10% year on year in February, according to statistics published by the Ministry of Finance. The average price Japan paid for LNG was virtually the same as last February, at $7.85/MMBtu. However, this was a significant rise month on month, of $0.40/MMBtu.
The most expensive source of Japan’s LNG was the United States. Cargoes from the US Gulf Coast cost an average of $2.59/MMBtu more than other sources. They were the only cargoes to traverse the Panama...
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