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

US to increase LNG supplies to UK under new deal

The US will boost supplies of liquefied natural gas (LNG) to UK terminals under a new deal revealed on...

Adani, TotalEnergies nearing completion of Dhamra LNG terminal in India

India's Adani and France's TotalEnergies have almost completed their Dhamra LNG import facility located in Odisha, on India’s east...

Austria, Germany’s Bavaria interested to receive gas from Croatia’s Krk LNG terminal

Austria and the German state of Bavaria have shown interest to receive natural gas supplies in the future from...

More News Like This

Japan’s October LNG imports up 10 percent, prices surge

Japan, the world’s top liquefied natural gas importer this year, reported higher LNG imports in October despite a surge...

Japan’s Jera gets another loan for LNG purchases

The state-owned Japan Bank for International Cooperation (JBIC) and private sector financial institutions have agreed to provide another loan...

Japan’s September LNG imports down, prices surge

Japan, the world's top liquefied natural gas importer this year, reported lower LNG imports in September as prices continue...

Japan’s Jera gets $899 million loan for LNG purchases

The state-owned Japan Bank for International Cooperation (JBIC) and private sector financial institutions have agreed to provide a loan...