Japan’s LNG imports drop in April

Image courtesy of Tokyo Electric

Japanese imports of liquefied natural gas (LNG) dropped 18.3 percent in April as compared to the same month a year ago, according to the provisional data released by Japan’s Ministry of Finance.

Japan, the world’s top LNG buyer, imported 5.60 million tonnes of LNG last month. On the other side, the country’s coal imports for power generation rose by 6.7 percent to 8.74 million tonnes.

LNG imports were down for the second consecutive month and they also declined from the previous month when the country received 7.93 million tonnes of LNG.

The value of April LNG imports was about $2.66 billion, down 4 percent year-on-year, the data shows.

To remind, the average price for spot LNG cargoes imported into Japan contracted in the month of April rose from the March figures.

The contract-based price was at $9.1 per mmBtu, a 3.1 percent increase compared to March. The arrival-based price was at $8.8 mmBtu.

 

LNG World News Staff

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Posted on May 21, 2018 with tags .

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