• Global Gas Analytics
  • Analysis & Forecasts

Asia Pacific Price trends

January 2019

Northeast Asian LNG prices have made further gains as rising oil prices have continued to drive up the cost of oil-indexed contracts but declines are on the horizon.

Japan’s average LNG import price rose by around 40% on an annual basis in November, to $11/MMBtu. Similar gains were seen in China and South Korea, where prices rose by around 36% and 46% respectively to $11.3/MMBtu and $10.6/MMBtu. Taiwan’s average LNG import price rose by around 27% on an annual basis in November, to $9.9/MMBtu. However, declines...