The contract-based price in September was $4.5 per mmBtu, according to Japan's Ministry of Economy , Trade and Industry details. This is compared to the previous month's $3.4 per mmBtu.
However, the contract-based price fell 16.7 per cent compared to the corresponding month in 2019, when the price was $5.4 per mmBtu.
The arrival-based price has also risen to $3.4 per mmBtu in September 2020, from $2.6 per mmBtu in August. This was a rise of 30,8 per cent. The price is 30.6 percent lower compared to $4.9 per mmBtu for spot LNG arriving in Japan in September 2019.
Surveys by the ministry only classify LNG cargo bought by Japanese utilities and other importers.
It excludes cargo transactions, such as the US Henry Hub and JKM, linked to a specific price index.
Maritime Business World