Japan’s return to nuclear power generation and efforts to conserve energy have contributed to a significant decline in LNG imports through the first five months of this year.  

Japanese imports have fallen for four consecutive months, hitting an all-time low of 4.16 million tons (Mt) in May, according to Kpler.

Overall, Asian demand has been weak this year, helping to keep a lid on global gas prices. Although South Korea liquified natural gas imports remained stable, and demand for LNG from China showed a slight uptick of 10% month/month, Japan continued its downward trend. January imports were 6.80 Mt, while February fell to 6.48 Mt and intake declined to 5.50 Mt in April, Kpler data show.  

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? © 2024 Natural Gas Intelligence. All rights reserved.

ISSN © 1532-1231  |  ISSN © 2577-9877  |  ISSN © 2158-8023  |