Japan imports first Chinese LNG cargo since 1988

Published by David Rowlands, Editor
LNG Industry, Thursday, 29 August 2019 16:00

According to Reuters, in July, Japan imported its first LNG cargo from China since 1988, as utilities seek new suppliers and try to reduce costs amid tough domestic competition.

Reuters reports that the 70 560 t cargo was shipped from the Hainan LNG terminal, which is operated by CNOOC Ltd, to Chita, near Nagoya, where Toho Gas jointly operates an LNG terminal with JERA.

Reportedly, the cargo was delivered at US$5.68/million Btu. This is below Japan’s average import cost of US$9.50/million Btu for LNG in July.

Reuters claims that this shipment illustrates the increasing flexibility of the Asian LNG market.

Read the article online at: https://www.lngindustry.com/lng-shipping/29082019/japan-imports-first-chinese-lng-cargo-since-1988/

IEEFA: EU combined gas and LNG imports fall due to reduced demand

Wednesday 30 April 2025 10:45

EU measures to reduce gas demand have driven a decline in the bloc’s combined imports of pipeline gas and LNG, according to a new data tracking tool published by the Institute for Energy Economics and Financial Analysis.

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Japan imports first LNG cargo from China as utilities try to cut costs

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