Japan's August LNG Import Costs Rise 31% After Crude Oil Prices Increase

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Sep 2010

Japan, the world’s biggest importer of liquefied natural gas, paid 31 percent more for the fuel in August from a year earlier as crude oil prices climbed.
Prices for delivered LNG rose to 50,233 yen ($602) a metric ton in August, according to data from the Ministry of Finance. That’s equivalent to about $11.43 per million British thermal units, more than twice the price of U.S. benchmark gas futures at Henry Hub, according to data compiled by Bloomberg.

Source: Bloomberg