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UPDATE 1-Japan spot LNG price hits 3-year high in Jan

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* Avg price of spot LNG contracted in Jan was $11.00/mmBtu

* Marks highest since Dec 2014

* Asia spot prices hit 3-year high in Jan on firm demand


(Adds details)

TOKYO, Feb 9 (Reuters) - Prices for liquefied natural gas (LNG) spot cargoes for Japan, the world's top buyer, rose to their highest in more than three years in January, official data showed on Friday.

The average price for spot liquefied natural gas (LNG) cargoes contracted last month for shipment to Japan was $11.00 per million British thermal units (mmBtu), up 80 cents from the previous month, preliminary data from the Ministry of Economy, Trade and Industry (METI) showed.

That marked the highest since December 2014.

The average price of spot LNG cargoes that arrived in Japan last month was $10.10 per mmBtu.

Asian spot prices climbed to a three-year high of about $11.70 per mmBtu by mid-January on robust winter demand, before declining slightly by the end of the month as Chinese purchases slowed. METI surveys spot LNG cargoes bought by Japanese utilities and other importers, but excludes cargo-by-cargo deals linked to benchmarks such as the U.S. natural gas Henry Hub index.

It only publishes a price if there is a minimum of two eligible cargoes reported by buyers.

The following table lists the monthly average prices in mmBtu for contracted and arriving spot LNG cargoes. Prices are converted to delivery on an ex-ship basis.

Year Month Contract price Arrival price 2018 Jan $11.00 $10.10 2017 Dec $10.20 $8.10 2017 Nov $9.00 $7.10 2017 Oct $8.20 $6.10 2017 Sept $6.90 $5.80 2017 Aug $5.80 $5.60 2017 July $5.60 $5.60 2017 June n/a $5.60 2017 May $5.70 $5.70 2017 April $5.70 $5.90 2017 March $6.30 $7.50 2017 Feb $8.50 $8.80 2017 Jan $8.40 $7.30 2016 Dec $8.00 $6.80 2016 Nov $7.00 $5.90 2016 Oct $6.10 $5.70 2016 Sept $5.70 n/a 2016 Aug n/a $5.40 2016 July $5.80 $6.00 2016 June n/a $4.50 2016 May $4.10 $4.30 2016 April $4.20 $5.80 2016 March n/a $6.80 2016 Feb $6.50 $6.90 2016 Jan $7.10 $7.90 2015 Dec $7.40 $7.50 2015 Nov $7.40 $7.50 2015 Oct $7.60 $7.90 2015 Sept $7.40 $7.70 2015 Aug $8.10 $7.70 2015 July $7.90 n/a 2015 June $7.60 $7.60 2015 May n/a n/a 2015 April $7.60 $7.90


(Reporting by Osamu Tsukimori; editing by Richard Pullin)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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