AsiaLNG Terminals

Japan boosts May LNG imports

By LNG Prime Staff
Japan boosts May LNG imports
Joetsu LNG power station (Image: Jera)

Japan’s liquefied natural gas (LNG) imports rose in May after logging a decline for two months in a row.

The world’s largest importer of LNG received 4.95 million tonnes of the fuel last month, up 8.2 percent when compared to the same month last year, according to the provisional data released by the country’s Ministry of Finance.

Compared to the previous month of 4.97 million tonnes, LNG imports were almost flat.

LNG imports in May cost Japan about $2.12 billion, down 1.4 percent year-on-year.

To remind, the average contract-based price for spot LNG cargoes shipped to Japan in May reached $9.60/mmBtu, state-run Japan Oil, Gas and Metals National Corp (JOGMEC) said.

Looking at last month’s LNG shipments, deliveries from Asia from countries such as Malaysia and Indonesia dropped by 10.1 percent to 867,000 tonnes, the ministry’s data shows.

Middle East LNG shipments from sources like Qatar dropped by 1.8 percent to 648,000 tonnes.

Additionally, shipments from Russia surged 82.7 percent to 591,000 tonnes while US deliveries increased 33.1 percent to 545,000 tonnes.

Most Popular

Corporate

Venture Global’s Q2 revenue reaches $4.58 billion, net income jumps

US LNG exporter Venture Global reported revenue of $4.58 billion in the second quarter of this year, a 47.6 percent rise from the year before, while its net income surged 266 percent year-on-year to $1.35 billion.
Contracts and Tenders

Technip Energies scores Malaysian LNG gig

French LNG engineer Technip Energies has secured a contract for Gas Malaysia's planned FSRU-based LNG terminal in Yan, Kedah.
Contracts and Tenders

Glenfarne’s Magnolia LNG seals feed gas deal

Glenfarne’s Magnolia LNG has signed a long-term feed gas deal with Texas Eastern Transmission for its planned liquefaction and export plant in Louisiana.
spot_img

More News Like This

LNG Terminals

Japan boosts LNG imports in June

Japan’s liquefied natural gas (LNG) imports increased by 6.2 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.
LNG Terminals

Japan’s Cosmo Energy eyes LNG power plant

Japan's Cosmo Energy is looking into the possibility of building a liquefied natural gas (LNG)-fired power plant.
LNG Terminals

Japan’s LNG imports down 15 percent in May

Japan’s liquefied natural gas (LNG) imports decreased by 15.1 percent in May compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.
LNG Terminals

Japan’s LNG imports down 20.6 percent in April

Japan’s liquefied natural gas (LNG) imports decreased by 20.6 percent in April compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.