Asia Pacific: Consumption
A boost to Japan’s electricity consumption as the summer gets under way could support increased gas offtake despite nuclear restarts.
Japan is forecast to have a hot summer. Above-average temperatures have already hit the country and have reached 37C in central regions. Temperatures are likely to be above average in much of the country until September, with southern and central Japan being the most likely regions to have warmer-than-average weather. The heat is expected to drive up electricity demand, which has been weak so far this year. The year-on-year drops in power demand mean the sector has been using less gas, which has driven down the country’s overall demand for the fuel.