Japan imported 37.537 million tons of LNG in 6 months of 2022, which is 3.5% less than in January-June 2021, the country’s Ministry of Finance reported.
In June 2022, imports grew at an annual rate of 2% to 5.804 million tons. Growth continues for three months in a row.
In 2022, Japan once again became the world’s largest LNG importer, well ahead of China, which has reduced purchases due to new coronavirus restrictions.
In Russia, the country purchased 617 thousand tons of LNG in June (the highest figure since March), which is 26% more than in June 2021 (488 thousand tons). Since the beginning of 2022, supplies have reached 3.715 million tons (+8%). In the Russian Federation, large-tonnage LNG is produced by Sakhalin-2 (co-owners of Gazprom), Shell, Mitsui, Mitsubishi) and Yamal LNG (participants are NOVATEK, TotalEnergies, Chinese CNPC and SRF).
In the United States in June 2022, Japan purchased 240 thousand tons of LNG, which is more than two times less than a year earlier (542 thousand tons). Since the beginning of the year, deliveries have halved to 2.1 million tons.
Europe’s policy to reduce dependence on Russian gas exports has led to a rise in prices and the flow of free volumes of this energy resource from around the world to the EU. In addition, the European market for LNG from the US is the most convenient and closest in terms of logistics.