Wednesday 18 May 2011

Japan April LNG Imports +23% After Quake Hits Nuclear Capacity

Japan's imports of liquefied natural gas surged 23% in April compared with the same month in 2010, after the March earthquake and tsunami shut down several of the country's nuclear reactors, according to data published late Monday by ship tracking service Waterborne.

Overall Asian LNG demand was up 20% on the year, "due in part to economic recovery and growth, but driven primarily by the shutdown of a significant amount of Japan's nuclear generating capacity," Waterborne said in a report.

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