As Alaska eyes exporting liquefied natural gas to Asia, here’s a tid-bit of news from Platts of interest. Japan’s LNG imports dipped 4.5 percent in November compared to the previous year, according to data from Japan’s Ministry of Finance.
Typically, October and November see demand slacken before it revs up from December to March as demand for power and heat rises.
Australia is the top LNG exporter to Japan, sending about 70 billion cubic feet – or about 22 percent of Japan’s imports. Quatar was No. 2 seller at 55 bcf.
Alaska? A single spot shipment of 2 bcf with a delivered price of $13 per million Btu. The shipment left the ConocoPhillips plant at Nikiski on Oct. 25 aboard to the LNG Gemini, arriving at Kansai Electric’s LNG regasification terminal in Japan on Nov. 7.