Japan’s 2023 preliminary LNG imports down 8% to lowest in 14 years

After Fukushmia pretty much anyone in the LNG world thought that Japan would be forever in the beyond-100-mtpa territory. Now it’s almost half that. People back then misunderstood the fundamental nature of LNG for Japan. Not only would they go back to nuclear but the island chain also relies heavily on coal for baseload. Much easier to store and also cheaper. Japan is a rich nation but it has to be careful about what it spends money on. By the way, the new number one, China has issues of its own. If you justify your LNG project based on everlasting Chinese demand, think again. 


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