Published by
Joseph Green,
Editor
LNG Industry,
Reuters are reporting that Japanese power companies consumed 3.72 million t of LNG for power generation in June, down 14% from a year earlier.
The drop in usage is due to a higher reliance on nuclear, coal and renewables, preliminary electricity data from the Ministry of Economy, Trade and Industry showed.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/27092017/japan-power-companies-lng-use-drops-14/
Asian LNG spot prices have fallen to a three-week low, as the low-demand market continues to be fed with new cargoes.