Japanese trading houses on the prowl
Record earnings boost appetite.
Browse the latest japan lng news news and articles.
Record earnings boost appetite.
Asian spot LNG prices rebounded this week as persistently cold weather in North Asia forced buyers to enter the spot market to replenish inventory.
The Ichthys LNG project in Australia is likely to see further cost blowouts and possible delays in production.
Japan's imports of LNG have hit a five year high as freezing conditions continue to fuel winter demand.
The fuel filled the gap in power generation left by the country's slow restart of its nuclear power plants.
Asian spot LNG prices rose this week on falling production from Russia, Angola and Malaysia.
Asian spot LNG prices remain higher than recent annual levels as low temperatures boost buying.
Asian LNG spot prices rose above US$10 per mmBtu on 7 December.
An agreement on LNG with EDF Trading would follow JERA’s purchase of the French company’s coal and freight trading business.
Spot prices LNG-AS for January delivery were steady at US$9.85 per mmBtu.
Japan’s Inpex Corp halted construction work on 30 November.
Mitsui O.S.K. Lines, Marubeni Corp. and Pao Novatek sign a memorandum of understanding (MOU) for a LNG transshipment and marketing project.