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Japan's LNG For Power Stocks Flat Slip 0.06m tonnes w/w

LNG
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Japan’s LNG inventory for power stood at 1.92m tonnes by the end of 3rd week in August according to ICIS. This is 0.06 m tonnes down from last week, 0.1m tonnes higher than last year, and 5% lower than the 5-year average for the end of August.

  • Japan is experiencing extreme heatwave and record-breaking power demand.
  • The majority of the electricity increase in Japan will be met by coal power generation due to a 50% lower outage capacity comparing to the previous year in August.
  • The unexpected shut down of the 700MW Reihoku nuclear power plant on August 21st may boost LNG demand for power in the last week of August.

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Japan’s LNG inventory for power stood at 1.92m tonnes by the end of 3rd week in August according to ICIS. This is 0.06 m tonnes down from last week, 0.1m tonnes higher than last year, and 5% lower than the 5-year average for the end of August.

  • Japan is experiencing extreme heatwave and record-breaking power demand.
  • The majority of the electricity increase in Japan will be met by coal power generation due to a 50% lower outage capacity comparing to the previous year in August.
  • The unexpected shut down of the 700MW Reihoku nuclear power plant on August 21st may boost LNG demand for power in the last week of August.

Keep reading...Show less