LNG

Nuclear restarts cut Japanese LNG demand

Japan’s LNG imports fell by 15% in April year on year as prices continued to climb Japan’s LNG imports fell by 15% in April year on year as prices continued to climb.
By Andrew Walker 31 May 2018 0 31081
Japan's LNG volumes

Japan’s LNG imports fell by 15% year on year in April, to their lowest level since May 2016, partly as a result of nuclear restarts. The Genkai and Ohi nuclear plants brought a reactor each back online in March, adding 2.3 GW of capacity to the grid.

The average price Japan paid for LNG in April increased by 17.4% year on year, largely because of rising oil prices. Spot prices have also remained stubbornly high as the country enters the...