Japan’s annual LNG imports drop for first time in six years

Japan’s imports of liquefied natural gas reached 85.05 million mt in 2015, a drop of 3.9 percent as compared to the year before.

This is the first 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. Japan imported record 88.51 million mt of LNG in 2014.

The world’s largest buyer of chilled gas paid $46.66 billion for LNG imports last year as global oil and gas prices fell, down 29.5 percent from $66.67 billion the country paid for imports in 2014, preliminary data from Japan’s Ministry of Finance reveals.

According to the data by the Ministry, Japan imported 8.08 million mt of LNG in December, down 2.2 percent as compared to the same month a year ago.

Japan’s power utilities

LNG use by Japan’s ten independent regional electric power companies dropped 14.2 percent in December when compared to the same month in 2014.

The companies consumed 4.60 million mt of liquefied natural gas in December, data from the Federation of Electric Power Companies of Japan (FEPC) reveals. December purchases by the ten utilities reached 5.19 million mt of LNG.

According to FEPC, total electricity generated and purchased across the ten companies in December declined by 9.9 percent to 75.26 billion kWh, due to decreased heating demands caused by relatively higher temperatures in December than the previous year.

 

LNG World News Staff

 

 

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
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 30 31 1 2

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 >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

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 >