Japan’s 2020 LNG imports drop

Japan’s yearly LNG imports continued to decline last year dropping 3.7 percent when compared to the year before that also marked a drop.

The world’s largest importer of LNG received 74.46 million tonnes of the fuel in 2020, according to the provisional data released by the country’s Ministry of Finance.

On the other side, December imports increased 13.4 percent to hit last year’s highest monthly volume of 7.72 million tonnes due to a cold snap, the data shows.

Japan paid about $31 billion for the January-December imports. This sum marks a decline of 26 percent when compared to the year before.

Looking at last year’s LNG shipments, deliveries from Asia from countries such as Malaysia and Indonesia declined by 5.9 percent to 16.81 million tonnes, the ministry’s data shows.

Middle East LNG shipments from sources like Qatar dipped by 11.4 percent to 12.21 million tonnes.

Additionally, shipments from Russia dropped 4 percent to 6.14 million tonnes while US deliveries increased 27.8 percent to 4.72 million tonnes.

Japan remains the top LNG importer but this could change this year as China continues to boost imports of the fuel and the country imported 67.13 million tonnes in 2020. This is about 7.33 million tonnes behind Japan.

- Advertisements -

Most Popular

QatarEnergy officially starts work on giant LNG expansion project

State-owned LNG giant QatarEnergy has officially started building its North Field expansion project, which will raise Qatar's LNG production...

Freeport LNG working to place second LNG jetty back in service

Freeport LNG, the operator of the three-train 15 mtpa liquefaction plant in Texas, is working to secure approvals to...

Shell puts large LNG bunkering newbuild to work in Caribbean

LNG giant Shell has completed the first liquefied natural gas bunkering operation in the Caribbean with the 18,000-cbm bunkering...

More News Like This

Japan’s monthly LNG imports continue to drop

Japan’s monthly liquefied natural gas (LNG) imports continued to decline in August, according to the provisional data released by...

Japan’s JOGMEC publishes spot LNG price for first time this year

State-run Japan Organization for Metals and Energy Security (JOGMEC) has published the first contract-based monthly spot LNG price since...

Japan’s LNG imports continue to decline

Japan's monthly liquefied natural gas (LNG) imports continued to decline in July, according to the provisional data released by...

China overtakes Japan as world’s largest LNG importer in January-June

China has overtaken Japan to become the world's top importer of liquefied natural gas (LNG) in the first half...