Japan may have an advantage over its rivals in its attempt to become Asia’s destination of choice for trading spot LNG cargoes.
Restarted nuclear reactors are displacing gas in Japan’s power sector, and although a similar picture can be seen in South Korea, the story is different elsewhere in Asia.
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Petronet's LNG imports
Dwindling gas use has made for a torrid start to 2015 for Petronet LNG, but a healthier demand outlook means better days lie ahead for India’s largest LNG importer.
Utilisation rates at Petronet’s 10 mtpa Dahej terminal in Gujarat fell to a five-year low of 74% during the first three months of the year, with processed volumes tumbling by 20% year on year to 1.83 mt.