Japan: power companies use less LNG in Oct on month

Image courtesy of Tokyo Electric

Liquefied natural gas (LNG) use by Japan’s power companies dropped 7.6  percent in October when compared to the previous month.

The power companies consumed 4.12 million mt of LNG in October, as compared to 4.45 million mt in September, the preliminary data from the Ministry of Economy, Trade and Industry showed.

October purchases by the ten utilities were at 4.39 million mt of LNG, down less than 1 percent as compared to 4.43 million mt in September.

Japan’s ten independent regional electric power companies stopped publishing power output and demand numbers in April to ensure fair competition after the liberalisation of the retail power market.

Currently, METI’s data is the only official data available on the monthly power statistics. The ministry surveys hundreds of companies that are in the power business.

Japan, the world’s largest buyer of LNG, imported 83.34 million mt of LNG in 2016, a drop of 2 percent as compared to the year before.

This was the second drop in Japan’s annual LNG imports since the devastating earthquake and tsunami in March 2011 which caused Japan to shut down its nuclear industry.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >