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Japan spot LNG contract price for December not disclosed

Tuesday, 16 January 2024 | 13:00

The average contract price for spot liquefied natural gas (LNG) cargoes for shipment to Japan last month was not disclosed by state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) on Monday.

JOGMEC surveys spot LNG cargoes bought by Japanese utilities and other importers, excluding cargo-by-cargo deals linked to benchmarks such as the U.S. natural gas Henry Hub index.

It only publishes a price if there is a minimum of two eligible cargoes reported by buyers.

However, the average price of spot LNG cargoes that were contracted and arrived in Japan in December was $16.90 per million British thermal units.

The following table lists the monthly average prices in mmBtu for contracted and arriving spot LNG cargoes. Prices are converted to delivery on an ex-ship basis.
Source: Reuters (Reporting by Brijesh Patel in Bengaluru; Editing by Christian Schmollinger)

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