Japan, the world’s biggest buyer of liquefied natural gas, imported 7.05 million tonnes of LNG in April, up 2.1 percent from a year earlier, the country’s Ministry of Finance said. Japan’s LNG imports reached 86.865 million tonnes in the fiscal year that ended in March, up 4.4 percent compared to the same period before. The [...]
Total gas sales volume by Japan’s Osaka Gas for the month of April came to about 734 million cubic meters, down 4.1% from the previous year. In the residential sector, the gas sales volume decreased by 10.5% from the previous year, while in the industrial sector, the gas sales volume remained the same level as [...]
The ten regional electric power companies in Japan consumed 4.37 million tonnes of LNG in April, down 4.2 percent compared with the same month a year earlier, according to the Federation of Electric Power Companies of Japan (FEPC). The power companies bought 4.74 million tonnes of LNG in April, up 0.4 percent on year. The companies [...]
Total gas sales volume by Tokyo Gas Co., Ltd. for the month of April 2013 came to about 1,213.348 million m3, almost equal (down 1.0%) to that in April 2012. In the residential sector, volume totaled 329.16 million m3, down 11.5% from April 2012, due to higher two-month average temperature in March and April than [...]
South Korea, the world’s second-largest buyer of LNG, imported 3.51 million tonnes of LNG in April, up 29% from the same month in 2012, customs data showed. The country imported 4.17 million tonnes of LNG in March, up 19.5% compared to March in 2012. South Korea paid $2.61 billion for the LNG imported in april, compared [...]
Japan’s Tokyo Electric Power (TEPCO) said its liquefied natural gas imports in April were at 2.04 million tonnes, compared to 1.89 million tonnes in April last year. TEPCO used 1.91 million tons of LNG in April, compared to 1.9 million tonnes the company consumed in April of 2013. The company plans to use 23.82 million [...]
Taiwan imported 982,413 m of LNG in April, down 11.6% from the same month a year before, according to trade statistics. Most of the April LNG came from Qatar and Malaysia, followed by Nigeria, Indonesia, Australia and Egypt. The country’s average LNG import cost in April was $15.348/MMBtu, a rise of 10.2% from April 2012. [...]
PIRA Energy Group reported that demand for LNG fell from March to April and actual end user gas demand in countries importing LNG falls by even more. In the U.S., while regional gas prices rose month-on-month basis differentials weakened. In Europe, gas demand has dropped to levels not seen since 2002/2003. Specifically, PIRA’s analysis of [...]
Australia’s Beach Energy has released its monthly drilling report for April 2013. Operated Cooper Basin Unconventional Gas Program PEL 218 (Beach 100%) Dashwood-1, the sixth well in the current vertical exploration program in PEL 218 of up to eight wells, reached a total depth of 4,021 metres and wireline logs are currently being run prior [...]
Prices of liquefied natural gas (LNG) for April delivery to Asia fell 7.9% from March to $17.636 per million British thermal units (MMBtu), the first drop in the monthly average since October 2012, according to the latest monthly Platts Japan/Korea Marker (JKM) for month-ahead delivery. Price declines were attributed to weak demand as traditional buyers [...]
