Kansei Electric Power (Kepco), a leading Japanese LNG importer, has won a court victory to keep open a nuclear plant that some local residents wanted to shut down because of its age in a ruling that may impact future LNG demand in Japan.
Japanese liquefied natural gas imports increased for a third successive month in June as they edged higher by 1.7 percent and year-on-year costs doubled while volumes increased from Asia, Australia and particularly Russia.
Australia LNG operator Santos said it signed an accord to sell a 12.5 percent interest in the Barossa natural gas project planned as a feed-gas source for Darwin LNG to the largest Japanese LNG importer, JERA Co. Inc.
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.