Energy · 22 views
Japan's LNG Imports Fall 7% as Utilities Chase Cheaper Coal
Japan last month reduced gas-fired generation in favor of coal as the price of liquefied natural gas remained elevated despite multiple reports of energy flows out of the Strait of Hormuz improving.
AI Summary
Japan's recent shift in energy production has led to a decline in liquefied natural gas (LNG) imports. The country's utilities have opted for coal as a cheaper alternative, despite the ongoing improvement in energy flows out of the Strait of Hormuz. This decision has resulted in a 7% decrease in LNG imports. The change in energy production is also reflected in Japan's power generation, with gas-fired power plants producing 16% less electricity in June compared to the same period last year.
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