• Global Gas Analytics
  • Analysis & Forecasts

Asia Pacific Price trends

December 2018

Average LNG prices in Northeast Asia have continued to make gains.

Japan paid an average of $10.9/MMBtu for its LNG in October, up by 39.5% on an annual basis - the strongest year-on-year gain since June 2017. Similar increases were seen in South Korea and China, where prices in October rose to $11.2/MMBtu and $10.3/MMBtu respectively. GGA forecasts Brent crude oil prices will rise to $73 per barrel in 2019, which will further pull up the average price of LNG imports into Northeast Asia next year.