Japanese liquefied natural gas imports plunged by more than 20 percent in June from the same month last year while half-year imports fell 13 percent with more competition coming from thermal coal and nuclear and more gas storage being built earlier in 2023 as prices declined.

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Japanese liquefied natural gas imports declined last month by 0.4 percent, the same amount as the previous month, with shipments increasing from Australia, Russia and the spot market while monthly costs rose to over $6 billion for the first time.

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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.

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Japanese liquefied natural gas imports declined again last month while prices were 13.5 percent lower than a year ago as Australian cargoes increased and Middle East shipments fell.

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