Japanese LNG imports fall for second month as milder weather and high storage also reduce spot cargo needs
Japanese liquefied natural gas imports decreased for a second month in 2024 by almost 6 percent as milder winter weather and higher storage levels reduced cargo needs especially of more expensive spot shipments even at much lower prices.
Japanese LNG imports plunge with more stored volumes and competition from thermal coal and nuclear
Japanese liquefied natural gas imports were still in sharp decline with more competition coming from thermal coal and nuclear and as storage levels increased under government energy security policies ahead of the Northern Hemisphere winter season.
Japanese spot LNG cargo prices plunge versus 2018 and were also down on previous month
Japanese spot liquefied natural gas cargoes delivered in September cost $5.20 per million British thermal units less than in the same month a year ago, though just $0.60 less than in August 2019 amid an over-supplied market and tentative demand.
Japanese LNG imports for January edge lower as the cost of shipments jumps by 11.5 percent
Japanese liquefied natural gas imports edged lower in January to 8.26 million tonnes while the cost of the shipments was 11.5 percent higher than in the first month of 2017.
