Japan LNG plunge

Written by  John McKay
Thursday, 15 June 2023
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June 15 (LNGJ) - Japanese LNG imports dropped by almost 20 percent in May to 4.61 million tonnes compared with 5.76MT in May 2022. The Finance Ministry figures also showed the LNG cargo costs were down by more than 30 percent from a year ago to 412.77 billion yen ($2.95Bln), which was 31.6 percent lower than the May 2022 LNG cargo bill of 606.23Bln yen ($4.33Bln). Thermal coal imports also tumbled by 27.4 percent to 6.18MT.

   The Ministry said that Asian LNG deliveries amounted to 1.36MT, Middle East cargo volumes came to 545,000 tonnes, Russian deliveries numbered 559,000 tonnes and US shipments came to 267,000 tonnes. The balance of deliveries in May of 1.88MT came mostly from Australia and the spot market.

Last modified on Thursday, 15 June 2023 07:11
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