TOKYO: Japan's LNG (Liquefied Natural Gas) imports have risen by over 17.9% YoY in October to 6.6 million tonnes ,customs data showed. Japan is the world's largest importer of LNG and have been trying to offset it power supply deficit caused by nuclear reactor shut-downs.
After the March earthquake and the Fukushima nuclear incident earlier in the year, Japan has shut down its number one source of energy-nuclear reactor. Japan has since been trying to compensate for the reduced power generation by importing crude and natural gas.
With the possibility of any reactors resuming operations, the high growth in Natural Gas demand is expected to remain,. However with winter approaching, imports may stabilize since power demand usually falls in Winter. Power firms account for two-thirds of total Japanese LNG imports.
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