September 11, 2017 / 5:07 AM / 3 years ago

UPDATE 1-Japan spot LNG contract price hits 5-month high in Aug

 (Adds details)
    TOKYO, Sept 11 (Reuters) - Prices for liquefied natural gas (LNG) spot
cargoes for Japan, the world's top buyer, hit a five-month high in August,
official data showed on Monday.
    The average contract price for spot liquefied natural gas (LNG) cargoes for
shipment to Japan last month was $5.80 per million British thermal units
(mmBtu), according to data from the Ministry of Economy, Trade and Industry
(METI).
    This is in line with the wider Asian benchmark for last month, supported by
sputtering output and stockpiling ahead of winter.
    Spot gas prices in Asia LNG-AS had risen to $6.05 per mmBtu by the end of
August from $5.90 per mmBtu earlier in the month, according to data on Thomson
Reuters Eikon. 
    The average price of spot LNG cargoes that arrived in Japan last month was
$5.60 per mmBtu.
    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   Aug              $5.80           $5.60
  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

 (Reporting by Osamu Tsukimori; Editing by Sherry Jacob-Phillips)
  
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