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LNG: Japan Utilities LNG Stocks Fall Towards March 2024 Lows

LNG

LNG stockpiles held by Japanese utilities fell 12.4% w/w on Mar. 16 to 1.56m tons, according to data released by the trade ministry cited by Bloomberg.

  • Storage is well below the five year average for the end of March of 2.03m tons but approaching the low of 1.48m tons at the end of March 2024.
  • Stockpiles were 1.60m tons around this time in 2024 and 2.52m tons in 2023.
  • LNG deliveries to Japan fell 0.27m tons in the week to Mar. 16 to 1.11m tons according to BNEF while cumulative deliveries so far in March are just below year ago levels.
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LNG stockpiles held by Japanese utilities fell 12.4% w/w on Mar. 16 to 1.56m tons, according to data released by the trade ministry cited by Bloomberg.

  • Storage is well below the five year average for the end of March of 2.03m tons but approaching the low of 1.48m tons at the end of March 2024.
  • Stockpiles were 1.60m tons around this time in 2024 and 2.52m tons in 2023.
  • LNG deliveries to Japan fell 0.27m tons in the week to Mar. 16 to 1.11m tons according to BNEF while cumulative deliveries so far in March are just below year ago levels.