Northeast Asian LNG buyers start stockpiling for winter

Spot LNG prices in Japan, China, South Korea and Taiwan increased by an average of 2.09% month on month in July as buyers started to prepare for the cold season Spot LNG prices in Japan, China, South Korea and Taiwan increased by an average of 2.09% month on month in July as buyers started to prepare for the cold season.
By Tang Tian 5 September 2017 0 27449

Spot LNG prices in Japan, China, South Korea and Taiwan increased by an average of 2.09% month on month in July as buyers prepared for winter.

Average CIF price of spot LNG, $/MMBtu

  Japan South Korea China Taiwan
July 5.43 5.49 5.51 5.48
August 5.53 5.63 5.63 5.58
Change 1.84% 2.55% 2.18% 1.82%
Sources: Korea Customs Service, Japan Ministry of Finance, Sublime China Information

CIF price for imported LNG, month

  Japan South Korea China Taiwan
Total volume, mt 6.81 2.71 3.12 1.12*
Highest price, $/MMBtu 9.65 from Qatar
Lowest price, $/MMBtu 6.02 from France
Average price, $/MMBtu 8.41 7.87 7.42 7.80*
*SCI estimates. Sources: Korea Customs Service, Japan Ministry of Finance, Sublime China Information

China imported 3.12 mt of LNG...

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