Spot LNG rises

摘要

Spot LNG prices in the Asia Pacific market rose further in April, hitting $12.45/MMBtu April 25, up from $12.05/MMBtu at the start of the month and $9.7/ MMBtu at the beginning of 2011. Platts May LNG Japan Korea Marker averaged $11.804/MMBtu March 16-April 15, 113.3% up year-on-year. The rise in April has been led predominantly by Japanese utilities maximizing output at their gas-fired thermal plants after the March 11 earthquake. Tohoku Electric took 3-5 LNG cargoes per month from April-June, while Tokyo Electric Power Company has taken more than 20 shipments across April and May.