Japan’s monthly LNG imports drop again

Japan’s monthly LNG imports declined again in October following a slight rise in the month before.

The world’s largest importer of LNG received 5.94 million tonnes of the fuel last month, according to the provisional data released by the country’s Ministry of Finance.

This is down 5.7 percent from a year earlier and represents the eight monthly decline in volumes this year.

On the other side, coal imports for power generation increased 1.2 percent to 9.26 million tonnes.

Furthermore, prices continued to decline and October LNG imports cost Japan about $1.81 billion. This marked a decline of 42.7 percent when compared to the same month last year.

Looking at last month’s LNG shipments, deliveries from Asia from countries such as Malaysia and Indonesia declined by 19.3 percent to 1.11 million tonnes, the ministry’s data shows.

Middle East LNG shipments from sources like Qatar rose by 12.2 percent to 1.18 million tonnes.

Additionally, shipments from Russia dropped 0.5 percent to 529,000 tonnes while US deliveries nosedived 66.4 percent to 199,000 tonnes.

- Advertisements -

Most Popular

Hoegh LNG says Australian FSRU contract confirmed

Floating LNG player Hoegh LNG said on Friday that Australian Industrial Energy (AIE) has confirmed a long-term FSRU charter...

Tellurian: early works progress at Driftwood LNG site

US LNG firm Tellurian and compatriot engineer Bechtel are moving forward with early site works for the Driftwood LNG...

Brunei Gas Carriers sells old LNG tanker

Brunei Gas Carriers said it has sold its longest-serving A-Class liquefied natural gas (LNG) carrier, Abadi. "On June 20, 2022,...

More News Like This

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...

Japan is the world’s top LNG importer in January-April

Japan continues to take more liquefied natural gas than China on a monthly basis. However, China's lower LNG imports...

GIIGNL: 2021 LNG imports rose 4.5 percent to 372.3 million tons

In 2021, global LNG imports reached 372.3 million tons, increasing by 4.5 percent compared with the previous year, according...

Japan’s March LNG imports down 8.7 percent

Japan’s LNG imports reached 6.50 million tonnes in March, down 8.7 percent when compared to the same month in...