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/regasification/29082019/japan-imports-first-chinese-lng-cargo-since-1988/

EIA: US natural gas trade will continue to grow with the start-up of new LNG export projects

Friday 19 April 2024 12:15

The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.

Embed article link: (copy the HTML code below):

This article has been tagged under the following:

LNG import news Japan LNG news China LNG news

LNG Industry is not responsible for the content of external internet sites.

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

You might also like