LNG

Japan LNG above $10/MMBtu for first time since 2015

The average price of the LNG imported by Japan hit $10.18/MMBtu in August, an increase of 23% year on year The average price of the LNG imported by Japan hit $10.18/MMBtu in August, an increase of 23% year on year.
By Andrew Walker 8 October 2018 0 32810
Chart showing Japanese import volumes by origin

Japan paid an average of $10.18/MMBtu for the 7.6 mt of LNG it imported in August 2018, according to statistics from the Japanese Ministry of Finance. This marked an increase of 23% compared with August 2017, when the average price was $8.30/MMBtu. Rising oil prices in Q2 will have contributed to the higher prices Japan paid for August’s supplies of contracted LNG.

Japanese LNG imports, August 2018

Country Volume, mt Value, $ million Cost, $/MMBtu Cost in...