Japan - Liquefied Natural Gas (LNG) Price in International Commodity Markets in October 2023 is about 12.21 dollars per mmbtu estimated by World Bank. In the Previous Month September 2023 japan liquefied natural gas (LNG) worth was 12.21 dollars per mmbtu. Last year in October 2022 the price was 21.84 dollars per mmbtu.
| Index | Last 12 Months | Nominal US Dollars($/mmbtu) | Net-Chg | Percentage-Chg |
|---|---|---|---|---|
| 13 | October 2022 | $ 21.84 | - | - |
| 12 | November 2022 | $ 19.59 | $ -2.25 | -11.49 % |
| 11 | December 2022 | $ 20.58 | $ 0.99 | 4.81 % |
| 10 | January 2023 | $ 20.19 | $ -0.39 | -1.93 % |
| 9 | February 2023 | $ 18.42 | $ -1.77 | -9.61 % |
| 8 | March 2023 | $ 16.03 | $ -2.39 | -14.91 % |
| 7 | April 2023 | $ 14.37 | $ -1.66 | -11.55 % |
| 6 | May 2023 | $ 13.43 | $ -0.94 | -7.00 % |
| 5 | June 2023 | $ 12.68 | $ -0.75 | -5.91 % |
| 4 | July 2023 | $ 12.99 | $ 0.31 | 2.39 % |
| 3 | August 2023 | $ 12.54 | $ -0.45 | -3.59 % |
| 2 | September 2023 | $ 12.21 | $ -0.33 | -2.70 % |
| 1 | October 2023 | $ 12.21 | $ 0.00 | 0.00 % |
Japan - Liquefied Natural Gas Price in 2022 was 18.43 dollars per mmbtu estimated by the world bank. In the previous year, 2021 Japan - Liquefied Natural Gas Price was 10.76 dollars per mmbtu. The net change in Japan - Liquefied Natural Gas Price in 2022 was 7.67 dollars which is about a 41.62 % increase in price.
| Year | Price Nominal US Dollars($/mmbtu) | Net-Change | Percentage-Change |
|---|---|---|---|
| 1960 | - | - | - |
| 1961 | - | - | - |
| 1962 | - | - | - |
| 1963 | - | - | - |
| 1964 | - | - | - |
| 1965 | - | - | - |
| 1966 | - | - | - |
| 1967 | - | - | - |
| 1968 | - | - | - |
| 1969 | - | - | - |
| 1970 | - | - | - |
| 1971 | - | - | - |
| 1972 | - | - | - |
| 1973 | - | - | - |
| 1974 | - | - | - |
| 1975 | - | - | - |
| 1976 | - | - | - |
| 1977 | 2.77 | - | - |
| 1978 | $ 3.04 | $ 0.27 | 8.88 % |
| 1979 | $ 3.69 | $ 0.65 | 17.62 % |
| 1980 | $ 5.70 | $ 2.01 | 35.26 % |
| 1981 | $ 6.03 | $ 0.33 | 5.47 % |
| 1982 | $ 6.05 | $ 0.02 | 0.33 % |
| 1983 | $ 5.55 | $ -0.50 | -9.01 % |
| 1984 | $ 5.24 | $ -0.31 | -5.92 % |
| 1985 | $ 5.23 | $ -0.01 | -0.19 % |
| 1986 | $ 4.10 | $ -1.13 | -27.56 % |
| 1987 | $ 3.35 | $ -0.75 | -22.39 % |
| 1988 | $ 3.34 | $ -0.01 | -0.30 % |
| 1989 | $ 3.28 | $ -0.06 | -1.83 % |
| 1990 | $ 3.64 | $ 0.36 | 9.89 % |
| 1991 | $ 3.99 | $ 0.35 | 8.77 % |
| 1992 | $ 3.60 | $ -0.39 | -10.83 % |
| 1993 | $ 3.51 | $ -0.09 | -2.56 % |
| 1994 | $ 3.18 | $ -0.33 | -10.38 % |
| 1995 | $ 3.45 | $ 0.27 | 7.83 % |
| 1996 | $ 3.67 | $ 0.22 | 5.99 % |
| 1997 | $ 3.91 | $ 0.24 | 6.14 % |
| 1998 | $ 3.02 | $ -0.89 | -29.47 % |
| 1999 | $ 3.14 | $ 0.12 | 3.82 % |
| 2000 | $ 4.71 | $ 1.57 | 33.33 % |
| 2001 | $ 4.63 | $ -0.08 | -1.73 % |
| 2002 | $ 4.28 | $ -0.35 | -8.18 % |
| 2003 | $ 4.73 | $ 0.45 | 9.51 % |
| 2004 | $ 5.13 | $ 0.40 | 7.80 % |
| 2005 | $ 5.99 | $ 0.86 | 14.36 % |
| 2006 | $ 7.08 | $ 1.09 | 15.40 % |
| 2007 | $ 7.68 | $ 0.60 | 7.81 % |
| 2008 | $ 12.53 | $ 4.85 | 38.71 % |
| 2009 | $ 8.94 | $ -3.59 | -40.16 % |
| 2010 | $ 10.85 | $ 1.91 | 17.60 % |
| 2011 | $ 14.66 | $ 3.81 | 25.99 % |
| 2012 | $ 16.55 | $ 1.89 | 11.42 % |
| 2013 | $ 15.96 | $ -0.59 | -3.70 % |
| 2014 | $ 16.04 | $ 0.08 | 0.50 % |
| 2015 | $ 10.93 | $ -5.11 | -46.75 % |
| 2016 | $ 7.37 | $ -3.56 | -48.30 % |
| 2017 | $ 8.61 | $ 1.24 | 14.40 % |
| 2018 | $ 10.67 | $ 2.06 | 19.31 % |
| 2019 | $ 10.56 | $ -0.11 | -1.04 % |
| 2020 | $ 8.31 | $ -2.25 | -27.08 % |
| 2021 | $ 10.76 | $ 2.45 | 22.77 % |
| 2022 | $ 18.43 | $ 7.67 | 41.62 % |
In recent years, Japan has emerged as one of the world's largest consumers of liquefied natural gas (LNG). The country heavily relies on LNG imports to meet its energy needs due to limited domestic energy resources. As a result, the price of LNG in Japan plays a crucial role in the country's energy market.
The price of LNG in Japan is influenced by various factors, including global supply and demand dynamics, transportation costs, market competition, and government policies. Let's take a closer look at these factors:
The global supply and demand for LNG directly impact its price. When demand outpaces supply, prices tend to rise, and vice versa. Japan's LNG demand is particularly high due to its large population and industrial activities.
Liquefied natural gas is transported through specialized carriers, often over long distances. The cost of transporting LNG from exporting countries to Japan affects its final price. Factors such as shipping distance, vessel availability, and fuel prices contribute to transportation costs.
Japan is not the only country importing LNG. Other major importers, such as China and South Korea, compete for LNG supplies in the global market. The level of competition among these countries can impact the price of LNG in Japan.
The Japanese government plays a significant role in shaping the LNG market through policies and regulations. The government's decisions regarding energy mix, environmental regulations, and trade agreements can influence LNG prices and market dynamics.
The pricing of LNG in Japan follows a combination of long-term contracts and short-term spot market prices. Let's understand these pricing mechanisms:
Japanese utility companies often enter into long-term contracts, typically spanning 10 to 20 years, with LNG suppliers. These contracts establish a fixed pricing formula, often indexed to the price of crude oil or a basket of energy commodities. Long-term contracts provide stability and security of supply, but they may not reflect immediate market fluctuations.
The spot market refers to the purchase or sale of LNG on a short-term or immediate basis, without long-term contracts. Spot prices are influenced by real-time market conditions, supply-demand dynamics, and regional factors. Spot market pricing offers flexibility but can be subject to volatility.
The price of LNG in Japan has significant implications for the country's energy sector. Here are some key impacts:
As LNG is a vital source of energy for electricity generation, higher LNG prices can impact electricity bills for consumers. Fluctuations in LNG prices can affect the affordability of energy for households and businesses.
Industries relying on LNG for their operations, such as manufacturing and petrochemicals, are sensitive to price changes. Higher LNG prices can increase production costs, reducing the competitiveness of these industries in both domestic and international markets.
Ensuring a stable and affordable supply of LNG is crucial for Japan's energy security. The country's heavy reliance on LNG imports necessitates strategic planning to mitigate potential supply disruptions and price volatility.
In conclusion, the price of liquefied natural gas (LNG) in Japan is influenced by global supply and demand dynamics, transportation costs, market competition, and government policies. Long-term contracts and spot market pricing mechanisms determine the final price of LNG. The LNG price has far-reaching implications for consumer affordability, the competitiveness of industries, and energy security in Japan. As the country continues to navigate its energy landscape, understanding the factors affecting LNG prices remains crucial for stakeholders in the energy sector.