Monthly prices for LNG in Japan 2019-2022
The monthly average price of LNG imported to Japan climbed to nearly 22 U.S. dollars per million British thermal unit in September 2022 as a result of supply constraints. As many countries exited the more stringent travel constraints put in place during the height of the coronavirus pandemic, global natural gas demand rallied leading to a surge in energy prices in the last months of 2021. This supply bottleneck worsened even further due to the Russia-Ukraine war.
