Japan’s LNG imports in February drop

Japan's LNG imports in February drop

Japan’s imports of liquefied natural gas reached 7.43 million mt in February, down 3.8 percent as compared to the same month in 2015.

The world’s largest buyer of chilled gas paid 355,032 million yen (US$3.15 billion) for imports in January, down 43.5 percent as compared to last year, preliminary data from Japan’s Ministry of Finance showed on Thursday.

Japan imported 85.05 million mt of LNG in 2015, a drop of 3.9 percent as compared to the year before. This was 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.

Power utilities

LNG use by Japan’s ten independent regional electric power companies dropped 8.9 percent in February to 4.41 million mt.

According to the data from the Federation of Electric Power Companies of Japan (FEPC), February purchases by the ten utilities were at 4.67 million mt of LNG, down 6.7 percent from 2015.

Total electricity generated and purchased across the ten companies in February declined by 0.6 percent to 75.73 billion kWh, due to decreased heating demands caused by relatively higher temperatures in February than the previous year, FEPC said.

1 Japanese yen = 0.008984 U.S. dollars

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 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
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >