Global Markets: Japan’s LNG imports up 2.7% year on year in May

lng china - illustration-purposes-only-image-courtesy-of-sinopecJapan’s LNG imports were up 2.7% year on year in May, provisional data published by the country’s finance ministry June 18 show.

The world’s biggest LNG buyer imported 6.4mn metric tons of LNG last month. The total value of imports was $3.2bn, up 13% year on year, reflecting higher prices per mn Btu as Dated Brent has gone up sharply since. Last year, Japan’s LNG imports were 83.63mn metric tons, up 0.4% year on year, ahead of China which last year overtook South Korea.

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