Japan: November LNG imports down YoY

Japan’s imports of liquefied natural gas dropped 2.7 percent in November as compared to the same month a year ago.

The world’s largest buyer of the chilled gas imported 6.69 million tonnes of LNG last month, preliminary data from Japan’s Ministry of Finance reveals.

Japan paid 379,385 million yen for imports in November, down 41.5 percent as compared to 2014.

LNG use by Japan’s ten independent regional electric power companies declined 9 percent to 4.28 million tonnes, according to the Federation of Electric Power Companies of Japan (FEPC).

October purchases by the ten utilities were at 4.17 million tonnes of LNG, down 8.3 percent from 2014.

Total electricity generated and purchased across the ten companies in November also dropped by 3.8% from a year to 66.82 billion kWh, FEPC said.

1 Japanese yen = 0.008166 U.S. dollars