Japan’s LNG imports decline in June

Image courtesy of Tokyo Electric Power
Image courtesy of Tokyo Electric Power

Imports of liquefied natural gas (LNG) by world’s largest consumer of the chilled fuel, Japan dropped 5.6 percent in June as compared to the same month a year ago.

Japan imported 6.26 million mt of LNG in June, provisional data from Japan’s Ministry of Finance showed on Monday.

The country’s coal imports for power generation also dropped 8.6 percent to 8.52 million mt, the data showed.

According to the data, Japan paid about US$1.93 billion for LNG imports in June, down 43.9 percent on year.

To remind, the price of spot LNG cargoes arriving in Japan in June reached $4.5 per mmBtu on DES basis, showing the first glimpse of recovery following record lows in the previous two months.

1 Japanese yen = 0.009408 U.S. dollars

 

LNG World News Staff

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