Japan’s LNG imports continue to decline

Japanese imports of liquefied natural gas continued to decline this year and they dropped for the third consecutive month in March.

Japan, the world’s largest importer of LNG, received 7.2 million tonnes of the fuel last month, down 1.2 percent from a year earlier.

March LNG imports cost Japan about $3.56 billion, a decline of 13.5 percent year-on-year, according to the provisional data released by Japan’s Ministry of Finance.

LNG deliveries from Asia from countries such as Malaysia and Indonesia increased by 0.1 percent to 1.74 million tones, the data shows.

Middle East LNG shipments from sources like Qatar declined by 29.4 percent to 937,000 tonnes.

Shipments from Russia dropped 0.2 percent to 522,000 tonnes while US deliveries almost doubled to 394,000 tonnes.

On the other side, as LNG imports show a downward trend, Japan boosted coal imports for power generation.

Japan imported 9.88 million tonnes of coal in March, a rise of 3.4 percent year-on-year, the ministry’s data shows.

Most Popular

Update: Venture Global ships first Plaquemines LNG cargo to Germany

Venture Global’s 174,000-cbm newbuild carrier, Venture Bayou, is expected to deliver the shipment to Germany’s Brunsbüttel around January 8,...

Venture Global charters LNG carrier duo

Venture Global has executed two short-term charters for additional LNG tankers. The vessels were delivered in August and September 2024,...

Hudong-Zhonghua launches two LNG tankers

Chinese shipbuilder Hudong-Zhonghua has launched two 174,000-cbm liquefied natural gas (LNG) carriers. According to a statement by Hudong-Zhonghua, the launching...

More News Like This

Japan’s November LNG imports drop 5.3 percent

The country’s LNG imports decreased to 5.05 million tonnes last month. LNG imports also dropped compared to 5.29 million tonnes...

Jera nears decision to build two LNG units at Chita power plant

Jera's president and CEO, Hisahide Okuda, said during a press conference held on Wednesday that plans are underway for...

Japan’s Saibu Gas decides to build third Hibiki LNG tank

The firm said in a statement on Thursday that the total construction costs will reach about 50 billion yen...

Japan’s October LNG imports down

The country’s LNG imports decreased 2.2 percent year-on-year to 5.29 million tonnes last month. LNG imports also dropped compared to...