Japan LNG news
Weak LNG spot prices have little impact on Asia, while boosting Europe
According to Reuters, low LNG spot prices are having little impact in Asian markets, while the European import market has seen a significant boost.
Japanese utility seeks LNG cargo for delivery this September
According to Reuters, Tohoku Electric Power – a Japanese electric utility – is seeking an LNG cargo for delivery in September.
China closing the gap on Japan as Australia’s biggest LNG customer
EnergyQuest has released its monthly LNG report for July 2019.
Increased market activity prompts Asian LNG spot price rise
Asian LNG spot prices have recently experienced a small rise, due to increased market activity.
Japanese buyers seeking delays and volume cuts
According to Reuters, some Japanese buyers are seeking delays to shipments or cuts to volume under their long-term LNG contracts with the Ichthys project in Australia.
Japanese LNG spot prices fall
Japanese LNG spot prices fell to a new three year low in July.
Ichthys LNG operating at 80% capacity
According to Reuters, Inpex Corp. has announced that the Ichthys LNG project in Australia is currently operating at approximately 80% of full capacity.
Japanese LNG traders to be more aggressive in price reviews
The latest decline in spot market prices is prompting LNG traders in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices.
LNG spot prices in Asia hit new multi-year low
LNG cargoes are now trading in Asia at a three to four year low of less than US$4 per million Btu.
Wood Mackenzie: China could overtake Japan as top LNG importer by 2022
Wood Mackenzie has released a new report which claims Japan could be dethroned by China as the world’s top LNG importer as early as 2022.