Asian spot LNG prices at highest level since Jan 2015

Asian spot LNG prices increased by 5.7% from October to average $9.15/MMBtu in November Asian spot LNG prices increased by 5.7% from October to average $9.15/MMBtu in November.
By Tang Tian 5 December 2017 0 28661

Asian spot LNG prices increased by 5.7% from October to average $9.15/MMBtu in November, their highest level since January 2015.

CIF price for imported LNG, October

  Japan South Korea China Taiwan
Total volume, mt 6.13 2.76 3.56 1.29*
Highest price, $/MMBtu 8.80 8.70 8.64
Lowest price, $/MMBtu 5.66 6.16 6.88
Average price, $/MMBtu 7.84 8.11 7.49 8.01*
*SCI estimates. Sources: Korea Customs Service, Japan Ministry of Finance, Sublime China Information

Average CIF price of spot LNG, $/MMBtu

  Japan South Korea China Taiwan
October 8.50 8.78 8.72 8.58
November 8.95 9.36 9.21 9.09
Change 5.29% 6.61% 5.62% 5.94%
Sources: Korea Customs Service, Japan Ministry of Finance, Sublime China Information

China’s October LNG imports were the second-highest on record, at 3.56 mt. Spot volumes made up 39%...

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