LNG

Japan’s 2018 LNG imports set to match 2017 levels

Japan’s LNG imports fell year on year in November, but 2018 volumes are largely on track to match 2017’s total Japan’s LNG imports fell year on year in November, but 2018 volumes are largely on track to match 2017’s total.
By Andrew Walker 7 January 2019 0 33805

Japanese LNG imports, November

Origin Volume, mt Value, $ billion 2018 price, $/MMBtu   2017 price, $/MMBtu 2016 price, $/MMBtu
Australia 2.35 1.37 11.27   7.91 7.55
Malaysia 0.86 0.46 10.36   7.71 7.20
Qatar 0.75 0.43 11.13   7.48 6.78
Russia 0.50 0.28 10.83   6.85 7.22
UAE 0.43 0.26 11.76   7.67 7.13
Brunei 0.40 0.21 10.38   7.73 7.93
Indonesia 0.29 0.17 11.37   8.30 7.44
PNG 0.28 0.17 11.87   7.96 7.92
Nigeria 0.19 0.09 9.23   12.16 6.49
US 0.18 0.10 10.33   7.95 0.00
Oman 0.13 0.06 8.47   7.72 7.99
             
Total 6.34 3.60  
Average 10.96   7.88 7.34
Source: Ministry of Finance

Japan’s LNG imports fell by 1% on an annual basis in November 2018. The country imported 75.6 mt of LNG in the first 11 months of the year, which is virtually identical to the same period in 2017. Milder winter weather compared with last year could see imports fall year on year in December, but total imports for the year are likely to be...