Data released by Japan’s Ministry of Finance has shown that the Asian country’s imports of Liquefied Natural Gas from Nigeria fell sharply in January, The Punch reports.
Japan’s LNG imports slid by 14.1 per cent year on year to 7.2 million metric tonnes in January, according to the data. Imports from Nigeria dropped 57.7 per cent from a year ago to 299,419mt while no LNG shipments arrived from Europe and Equatorial Guinea.
Japan had a warmer winter in December as well as part of January, which helped many utilities pile up their inventories and dent their demand for LNG. Imports from Qatar, the third largest LNG supplier for Japan in January, also plunged 41.2 per cent from a year earlier to 898,941mt.