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Free AccessJapanese Utilities LNG Stocks Dip After Rise in April
LNG stockpiles held by Japanese utilities fell to 2.01m tons in the week to May 5 from 2.13m tons the previous week, according to data released by the trade ministry.
- Volumes were 18.3% below last year’s levels of 2.46mn tons but similar to the previous five-year average in early May.
- Japanese LNG storage had rebounded amid weak power demand in April and are likely to gain to around 2.3m tons in mid July as seen in the last couple of years just before the start of the cooling season, according to ICIS.
Source: ICIS
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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.