Japanese liquefied natural gas imports for the first six months of the current fiscal year rose by 4 percent and with deliveries from the Russian Far East Sakhalin liquefaction plant increasing year-on-year and costing 90 percent more than the previous year as more Atlantic Basin shipments pointed at Europe.
Japanese LNG imports rebounded in April to increase by more than 12 percent even as cargo import costs sky-rocketed 150 percent as more spot cargoes were bought and Australian and Asian nations delivered more shipments while Middle East and the US volumes pointed at Europe after Russia’s Ukraine invasion.
Japanese liquefied natural gas imports plunged by almost 19 percent last month and deliveries of thermal coal dropped by only half as much while US LNG deliveries to Japan rose, tripling from a year ago.