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Policy & Regulation

Japanese gas storage: Well stocked ahead of winter?

Reports suggest Japan’s gas stock levels are high going into winter 2012/2013. The country’s appetite for additional LNG cargoes has not been great recently and spot LNG purchases for December deliveries have been relatively low for the season. With expectations for a normal-to-mild winter, Japan is well-supplied and stocked at the start of the
By Catriona Scott 23 November 2012 Asia Pacific / Policy & Regulation 0 14548

Reports suggest Japan’s gas stock levels are high going into winter 2012/2013. The country’s appetite for additional LNG cargoes has not been great recently and spot LNG purchases for December deliveries have been relatively low for the season. With expectations for a normal-to-mild winter, Japan is well-supplied and stocked at the start of the peak winter demand period.

Over the first seven months of 2012, Japan has had consistently higher levels of gas stocks than it did in 2011 on a month-on-month basis. June was the...