Japan’s May LNG imports down, coal up

Imports of liquefied natural gas (LNG) by world’s largest consumer of the chilled fuel, Japan dropped 4 percent in May when compared to the same month a year ago, provisional data from Japan’s Ministry of Finance showed on Monday.

Japan’s imports in May decreased to 5.52 million mt of LNG while the country’s coal imports for power generation rose 44 percent to 8.61 million mt, the data showed.

According to the data, Japan paid about US$1.75 billion for LNG imports in May, down 42 percent on year.

Japan’s price of spot LNG cargoes arriving in May reached $4.3 per mmBtu on DES basis, reaching its lowest point since Japan’s Ministry of Economy, Trade and Industry (METI) started publishing monthly reports in March 2014.

The price of contract-based spot LNG cargoes for May was $4.1 per mmBtu, METI said.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
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

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >