Report: cold weather boosts Japan LNG imports to five-year high

Image courtesy of Tokyo Electric

Japanese imports of liquefied natural gas (LNG) reportedly hit their highest in at least five years in January.

Japan, the world’s largest LNG buyer, imported nearly 8.7 million tonnes last month, up 8 percent from December and the largest volume since at least January, 2013, according to a report on Thursday by Reuters.

Rising LNG shipments are expected to continue this month as freezing weather keeps its grip on Japan, the new agency said.

That upturn is piling further pressure on the region’s spot LNG markets, which marked three-year highs last month as China rushed to snap up cargoes for its drive to use gas to heat millions of homes and power thousands of factories, it said.

To remind, Japan increased its imports of the fuel in 2017, for the first time in three years.

The country imported 83.63 million tonnes million mt of LNG in the January-December period, a rise of 0.4 percent as compared to the year before.

Imports of LNG for power generation mainly rose due to nuclear shutdowns as only three out of 42 operable nuclear reactors are currently running in Japan.

 

LNG World News Staff

Share this article

Follow LNG World News

Posted on February 2, 2018 with tags .

Events>

<< Aug 2018 >>
MTWTFSS
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 31 1 2

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >

Gastech Exhibition & Conference 2018

The leading exhibition and conference for the global gas, LNG and energy industries.

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >