LNG

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.

The southeast Asian nation of Myanmar has entered the LNG business with the delivery of two LNG cargoes from Malaysian state energy company Petronas, destined for the port of Yangon for a Chinese-owned power joint venture.