August 9, 2017 / 7:47 AM / 3 years ago

UPDATE 1-Japan spot LNG contract price falls to 14-month low

 (Recasts on 14-month low, adds detail)
    TOKYO, Aug 9 (Reuters) - The average contract price for spot
cargoes of liquefied natural gas (LNG) for shipment to Japan
fell to a 14-month low in July, data from the country's trade
ministry showed on Wednesday.
    Contract prices averaged $5.60 per million British thermal
units (mmBtu) last month, according to data from the Ministry of
Economy, Trade and Industry (METI).
    The average price of spot LNG cargoes that arrived in Japan
in July was also $5.60 per mmBtu, matching the previous month,
which was a 10-month low.
    METI surveys spot LNG cargoes bought by Japanese utilities
and other importers, but excludes 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.
    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.
    
  Year   Month   Contract price   Arrival price
  2017   July             $5.60           $5.60
  2017   June               n/a           $5.60
  2017   May              $5.70           $5.70
  2017   April            $5.70           $5.90
  2017   March            $6.30           $7.50
  2017   Feb              $8.50           $8.80
  2017   Jan              $8.40           $7.30
  2016   Dec              $8.00           $6.80
  2016   Nov              $7.00           $5.90
  2016   Oct              $6.10           $5.70
  2016   Sept             $5.70             n/a
  2016   Aug                n/a           $5.40
  2016   July             $5.80           $6.00
  2016   June               n/a           $4.50
  2016   May              $4.10           $4.30
  2016   April            $4.20           $5.80
  2016   March              n/a           $6.80
  2016   Feb              $6.50           $6.90
  2016   Jan              $7.10           $7.90
  2015   Dec              $7.40           $7.50
  2015   Nov              $7.40           $7.50
  2015   Oct              $7.60           $7.90
  2015   Sept             $7.40           $7.70
  2015   Aug              $8.10           $7.70
  2015   July             $7.90             n/a
  2015   June             $7.60           $7.60
  2015   May                n/a             n/a
  2015   April            $7.60           $7.90
  2015   March            $8.00           $7.60
  2015   Feb              $7.60          $10.70
  2015   Jan             $10.20          $13.90
  2014   Dec             $11.60          $15.10
  2014   Nov             $14.40          $14.30
  2014   Oct             $15.30          $12.40

 (Reporting by Aaron Sheldrick)
  
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