Average LNG price $17.79.IOC trading at 50 cents per mcf
Might be some upside in IOC. What ya think??
Japan’s LNG imports reached 7.32 million tonnes in August, a rise of 2.4 percent compared to July, according to data released by the finance ministry.
The average LNG import price for Japan was $17.79/mmBtu in August.
The country’s monthly LNG imports have been rising steadily year on year, due to the devastating earthquake and tsunami in March 2011.
Same with SK. $17.79/MBTU is kinda rich too. JP/SK needs to get a move on too. The project that created the LNG industry in JP/SK, Badak LNG (Arun) is drying up and is being converted into an LNG import facility. Those 7 trains cease Toot Tooting next year or so.