Japan boosts May LNG imports

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

Shell’s LNG Canada achieves first LNG

LNG giant Shell has started production at the first liquefaction train at its LNG Canada export terminal in Kitimat, an LNG Canada spokesperson told LNG Prime on Sunday.

Atlantic LNG shipping rates jump to $49,750 per day

Atlantic spot LNG shipping rates rose to $49,750 per day this week, while European prices also jumped compared to the previous week.

India’s May LNG imports drop

India's liquefied natural gas (LNG) imports dropped by 15.3 percent year-on-year in May, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

More News Like This

Jera plans to build new LNG units at Sodegaura power plant

Japan’s Jera plans to build new LNG-fueled units at its Sodegaura power plant in the Chiba prefecture, as part of its plans to replace aging facilities.

Japan reports lower May LNG imports

Japan’s liquefied natural gas (LNG) imports dropped by 4.3 percent in May compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

Japan’s April LNG imports climb

Japan’s liquefied natural gas (LNG) imports rose by 1.7 percent in April compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

GECF says April LNG imports rise

Global liquefied natural gas (LNG) imports rose by 3.5 percent year-on-year in April, boosted by higher imports in Europe, the Gas Exporting Countries Forum said in its latest report.