MNI BRIEF: Fed's Bostic Says Rates Should Stay Where They Are

MNI BRIEF: BOE Dhingra Sees US Tariff Price Impact Cushioned

MNI BRIEF: Canadian 2025 Capital Spending Seen +5.5%

MNI China Daily Summary: Wednesday, February 26

MNI BRIEF: China Appoints Hua Chunying To CEEC

MNI CHINA MONEY MARKET INDEX: Easing Seen After Two Sessions

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -2.33M TO 430.2M FEB 21 WK

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG: Japanese Utilities LNG Stocks Fall to Lowest Since Early January

LNG
Energy BulletsBulletPower BulletsAPACJapanCommodities

LNG stockpiles held by Japanese utilities decreased 3.48% w/w on Feb. 23 to the lowest since Jan. 5 at 1.94m tons, according to data released by the trade ministry cited by Bloomberg.

  • Widespread cold weather across Japan last week likely boosted heating demand.
  • Storage reached the highest since Jan. 2024 in late January but has since fallen below the five year average for the end of February of 2.18m tons.
  • Stockpiles were 2.15m tons around this time in 2024 and 2.34m tons in 2023.
  • LNG deliveries to Japan fell 0.28m tons in the week to Feb. 23 to 1.28m tons according to BNEF while cumulative deliveries so far in February are about 8% below year ago levels.
113 words

To read the full story

Close

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.

LNG stockpiles held by Japanese utilities decreased 3.48% w/w on Feb. 23 to the lowest since Jan. 5 at 1.94m tons, according to data released by the trade ministry cited by Bloomberg.

  • Widespread cold weather across Japan last week likely boosted heating demand.
  • Storage reached the highest since Jan. 2024 in late January but has since fallen below the five year average for the end of February of 2.18m tons.
  • Stockpiles were 2.15m tons around this time in 2024 and 2.34m tons in 2023.
  • LNG deliveries to Japan fell 0.28m tons in the week to Feb. 23 to 1.28m tons according to BNEF while cumulative deliveries so far in February are about 8% below year ago levels.