In March 2014 the Japanese Ministry of Economy, Trade and Industry (METI) began compiling the data.
The price slipped 59.3 per cent relative to May 2019, when METI announced a contract-based price of $5.4 per mmBtu.
The price based on delivery was down 13.3 per cent. METI shows a price that reaches $2.6 per mmBtu, compared with $3 per MMBtu in April.
The arrival-based price slipped 50.9 per cent compared with May 2019. To note, the arrival-based price for May 2019 was $5.3 per mmBtu.
In this calculation, only spot LNG cargoes are taken into account, excluding short , medium and long-term contract cargo and those connected to a common price index.
Maritime Business World