Japan boosts May LNG imports

For illustration only (Image courtesy of Tokyo Electric)

Japan’s liquefied natural gas (LNG) imports increased by 13 percent in May year-on-year, according to the provisional data released by Japan’s Ministry of Finance.

The world’s largest buyer of the chilled fuel imported 6.24 million mt of LNG in May as compared to 5.52 million mt in the same month the year before.

This is the fourth straight month that Japan boosted its LNG imports on a yearly basis.

Japan paid about $2.79 billion for LNG imports last month, a rise of almost 69 percent when compared to the same month in 2016, the ministry’s data shows.

To remind, Japan’s average price of spot LNG arriving during May reached $5.7 per mmBtu, down from $5.9 per mmBtu in April, METI said earlier this month.

 

LNG World News Staff

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