Japan’s LNG imports rise in May YoY

Japanese imports of liquefied natural gas (LNG) rose 2.7 percent in May 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 6.4 million tonnes of LNG last month. LNG imports rose in May following a year-on-year drop for two consecutive months.

On the other side, the country’s coal imports for power generation also rose by 15.3 percent to 8.8 million tonnes last month.

The value of May LNG imports was about $3.19 billion, a rise of 13.1 percent on year, the data shows.

Worth mentioning, the average price for spot LNG cargoes imported into Japan contracted in the month of May declined from the April figures.

The contract-based price was at $8.2 per mmBtu, a 9.9 percent derease compared to April. The arrival-based price was at $7.9 mmBtu.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Posted on June 19, 2018 with tags .

Events>

<< Jul 2019 >>
MTWTFSS
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 3 4

LNGgc London

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

read more >

LNG Pricing, Trading & Hedging Singapore

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

read more >

LNG Pricing, Trading & Hedging Houston

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

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >