Japan boosts July LNG imports

Japan’s liquefied natural gas (LNG) imports rose for the third consecutive month in July after logging a decline in March-April.

The country received 6.18 million tonnes of LNG last month, up 2.5 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 when Japan took 5.70 million tonnes, LNG imports rose by 8.5 percent.

LNG supplies in July cost Japan about $3.13 billion, a rise of 41.9 percent year-on-year.

The average contract-based price for spot LNG cargoes shipped to Japan in July reached $12.2/mmBtu, state-run Japan Oil, Gas and Metals National Corp (JOGMEC) said. The arrival-based price reached 11.6/mmBtu, it said.

Looking at last month’s LNG shipments, deliveries from Asia from countries such as Malaysia and Indonesia increased by 24.6 percent to 1.44 million tonnes, the ministry’s data shows.

Middle East LNG shipments from sources like Qatar dropped by 8.8 percent to 886,000 tonnes.

Additionally, shipments from Russia surged 94.7 percent to 761,000 tonnes while US deliveries rose 30.9 percent to 611,000 tonnes.

Japan is still the world’s largest LNG importer and the country took 74.4 million tonnes of LNG last year.

However, China is expected to overtake Japan this year. China imported 45.25 million tonnes while Japan received about 45.05 million tonnes in the January-July period.

- Advertisements -

Most Popular

Tellurian says Shell, Vitol LNG supply deals terminated

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

UAE’s Adnoc to supply LNG to Germany’s RWE

UAE’s Adnoc and Germany's RWE have signed a supply deal on the first commercial LNG delivery to the Brunsbuettel...

CMES orders another LNG carrier duo at Dalian Shipbuilding, inks deal for more vessels

China Merchants Energy Shipping (CMES), a unit of China Merchants Group, has ordered two more 175,000-cbm LNG tankers from...

More News Like This

Japan’s August LNG import bill tops $6 billion

Japan paid about $6.08 billion for its liquefied natural gas (LNG) imports in August as prices continue to rise. The...

Japan’s July LNG imports down 0.4 percent

Japan, the world’s top liquefied natural gas importer this year, said its LNG imports dropped 0.4 percent in July,...

Japan’s LNG imports in June rise 1.7 percent

Japan, the world’s top LNG importer this year, boosted its imports of liquefied natural gas in June by 1.7 percent,...

Japan’s LNG imports in May rise 16.3 percent

Japan, the world's top LNG importer this year, boosted its imports of liquefied natural gas in May by 16.3...