Data from the Japanese Ministry of Economy, Trade and Industry (METI) shows the contract-based price in March remained at $3.4 per mmBtu.
However, when compared to March 2019, this represents a 46.9 percent drop. To remind, METI reported a contract-based spot LNG price of $6.4 per mmBtu in March 2019.
While the ministry reported a $5.5 per mmBtu arrival-based spot LNG prices in February, it did not publish the figures for March 2020 due to a lack of reported cargoes
Only spot LNG cargoes are taken into account in this assessment, excluding short, medium and long-term contract cargoes, as well as those linked to a particular price index.
TURKISH MARITIME NEWS