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LNG: Japan LNG Stocks Fall 11.2% w/w Amid Strong LNG Demand for Power

LNG
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LNG stockpiles held by Japanese utilities fell 11.2% w/w to 1.83m tons in the week to Sept. 1, according to data released by the trade ministry.

  • The LNG demand for power remained strong in the last week of August amid higher-than-average temperatures.
  • Stocks have fallen to the lowest since April and down from 2.06m tons the previous week.
  • Storage is below the five year average of 2.02m tons for the end of August and 25.6% lower than 2.46m tons a year earlier.
  • Japan is the only market in North Asia that expects LNG imports to decline year on year this winter due to shrinking gas power demand amid rising coal and nuclear generation, according to BNEF.
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LNG stockpiles held by Japanese utilities fell 11.2% w/w to 1.83m tons in the week to Sept. 1, according to data released by the trade ministry.

  • The LNG demand for power remained strong in the last week of August amid higher-than-average temperatures.
  • Stocks have fallen to the lowest since April and down from 2.06m tons the previous week.
  • Storage is below the five year average of 2.02m tons for the end of August and 25.6% lower than 2.46m tons a year earlier.
  • Japan is the only market in North Asia that expects LNG imports to decline year on year this winter due to shrinking gas power demand amid rising coal and nuclear generation, according to BNEF.