Asia Pacific Price trends

The cost of LNG imports will see further gains in H2.

The average price of LNG imports into Japan rose by 12.6% on an annual basis in May, to $9.7/MMBtu. Higher prices are pushing up the cost of the country’s LNG imports, despite falling volumes. Imported volumes fell by 1.5% on an annual basis between January and May, but costs increased by 15.3%.

For South Korea, the combination of rising prices and higher import volumes is dramatically forcing up...