JAPAN'S LNG UP
NGW - The average price of spot LNG imports to Japan contracted in January 2017 was $8.40/mn Btu, up from $8/mn Btu in December 2016, the ministry of economy, trade and industry (Meti) said February 9, their highest level for two years. But Japan's IEEJ says that prices have now peaked.
Meti said the average price of spot cargoes arriving in January 2017 (and therefore priced in previous months) was $7.30/mn Btu, compared with $6.80/mn Btu for the previous month's arrivals. All its prices are on a delivered ex ship (DES) basis, and exclude cargoes…
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