LNG

Asian spot LNG prices leap by more than 20%

Spot LNG prices in Japan, South Korea, China and Taiwan jumped by 21.6% in October – the biggest monthly gain since November 2016 Spot LNG prices in Japan, South Korea, China and Taiwan jumped by 21.6% in October – the biggest monthly gain since November 2016.
By Tang Tian 7 November 2017 0 28267

Spot LNG prices in Japan, South Korea, China and Taiwan jumped by 21.6% in October – the biggest monthly gain since November 2016. Chinese gas providers have used spot cargoes to cover surging domestic demand driven by a huge gasification campaign.

CIF price for imported LNG, month

  Japan South Korea China Taiwan
Total volume, mt 5.82 mt 2.36 mt 3.45 mt 1.22 mt*
Average price, $/MMBtu 8.07 8.11 7.23 7.68*

Average CIF price of spot LNG, $/MMBtu

  Japan South Korea China Taiwan
September 7.01 7.19 7.18 7.06
October 8.50 8.78 8.72 8.58
*SCI estimates. CIF prices for spot transactions of LNG, for delivery into Japan, South Korea, China and Taiwan 15-30 days...