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A liquefied natural gas (LNG) tanker is berthed at Tokyo Electric Power Co’s (Tepco) Futtsu gas-fired thermal power plant in Futtsu Chiba Prefecture, Japan, on January 21, 2016. Japan, the world’s biggest buyer of LNG, paid the lowest price in about 11 years for the fuel last month amid a global oversupply, Bloomberg reported. The average price of LNG shipments into the country was about $6.32 per millions British thermal units in April, the least since August 2005, according to Bloomberg calculations based on preliminary data from the Ministry of Finance. Prices are expected to rebound in coming months as crude values have surged, according to Junzo Tamamizu, managing partner at Clavis Energy Partners.
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