Japanese state-owned bank extends another loan to ensure LNG purchases by nation’s biggest buyer JERA
The Japan Bank for International Cooperation, the leading state-owned financial institution, has signed an additional loan deal amounting to 100 billion yen ($675 million) for JERA Co Inc., Japan's biggest LNG buyer and power generation company.
Japanese LNG imports tumble 17 percent as nation directly replaces gas-fired power with thermal coal
Japanese liquefied natural gas imports plunged almost 17 percent as the nation directly replaced gas-fired power with cheaper thermal coal as LNG prices surged worldwide.
Japanese spot LNG prices recover though are still down on contracted and delivered shipments last year
Japanese spot LNG cargo prices for September recovered after a plunge in the previous month and were contracted at $4.50 per million British thermal units, though were still down on the same month a year ago.
Japanese spot delivered LNG cargoes cost almost $4 per MMBtu less than a year ago
Japanese spot liquefied natural gas cargoes delivered in December cost almost $4 per million British thermal units less than the price in the same month of the previous year as Northern Hemisphere winter season supplies remained abundant.
Japanese spot LNG cargo prices drop because of over-supply and seasonal adjustments
Japanese spot liquefied natural gas cargoes contracted last month cost an average of $5.40 per million British thermal units, which was $2.80 per MMBtu less than in May 2018 amid a glut in supplies and lower seasonal demand.
