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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
Increasing nuclear and renewables power generation will lower LNG demand in Japan and South Korea in the future according to Bloomberg.
- LNG imports into Japan and South Korea are essential to meet gas demand due to a lack of domestic gas resources. Approximately two-thirds of Japan’s total LNG demand comes from the power sector and in 2022 gas made up nearly 40% of the electricity mix in Japan.
- Gas demand from the power sector in both countries is likely to decline in future due to increased nuclear power output, a rise in renewable power generation and potential decline in electricity demand in Japan due to its aging population.
- South Korea’s LNG demand may see some support as a large share of the coal power plants convert to gas by 2030.
- Regional electric utilities in Japan are selling spot LNG cargoes amid low gas demand this summer. Total LNG imports to Japan could be 18% lower this summer compared to last year due to high inventories, and more nuclear and coal generation according to Bloomberg.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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