Japan’s February LNG imports climb almost 5 pct

Image courtesy of Tokyo Electric Power

Liquefied natural gas (LNG) imports into Japan, the world’s largest buyer of the chilled fuel, increased 4.8 percent in February, according to the provisional data released by Japan’s Ministry of Finance.

Japan imported 7.79 million mt of LNG in February, as compared to 7.43 million mt in the same month the year before.

This is the second straight month that Japan boosted its LNG imports as in January the country’s demand for the chilled fuel for power generation rose on the back of low winter temperatures.

Japan paid about $3.22 billion for LNG imports last month, a rise of 1.6 percent when compared to the same month in 2016, the ministry’s data shows.

Japan’s average price of spot LNG arriving during February reached $8.8 per mmBtu, up from $7.3 per mmBtu in January, METI said earlier this month.

To remind, Japan imported 83.34 million mt of LNG in 2016, as compared to 85.05 million mt 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>

<< May 2019 >>
MTWTFSS
29 30 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 Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

GIE Annual Conference 2019

The French gas infrastructure operators ELENGY, GRTgaz and Storengy are looking forward to be your hosts in 2019.

read more >

LNG Pricing, Trading & Hedging London

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >