Oil / Commodities - Japan’s LNG inventories slumped to a seven-month low as colder weather increased demand and Europe hoarded shipments of the super-chilled fuel. LNG shipments are rerouting from Asia to Europe to take advantage of more attractive prices, leaving less supply for Asian importers. In the last four years, Japan’s LNG inventories have dropped an average of 2% between the end of December and January. This year’s storage is already down 14% in the same period. Japan has also received 10% fewer LNG deliveries in the one-month period through January 17th compared to last year due to Europe’s heightened demand.
Newsletter - January 19, 2022
Newsletter - January 19, 2022
Newsletter - January 19, 2022
Oil / Commodities - Japan’s LNG inventories slumped to a seven-month low as colder weather increased demand and Europe hoarded shipments of the super-chilled fuel. LNG shipments are rerouting from Asia to Europe to take advantage of more attractive prices, leaving less supply for Asian importers. In the last four years, Japan’s LNG inventories have dropped an average of 2% between the end of December and January. This year’s storage is already down 14% in the same period. Japan has also received 10% fewer LNG deliveries in the one-month period through January 17th compared to last year due to Europe’s heightened demand.