Commodity Market Report
Japan LNG market report
This report is currently unavailable
Report summary
Japan will lose its position as the world’s largest LNG importer to China from 2023 as its LNG demand drops below 70 mmtpa. With a low base-year demand, we downgraded LNG demand through to 2025. Afterwards, LNG imports are set to stay flat for the rest of the 2020s and moderately drop over the 2030s. Despite near-term pressures from nuclear restarts, gas will continue to play a critical role as a source of flexible and dispatchable power capacity in the mid-term, supporting the transition from coal to nuclear and renewables and meeting the additional power demand from electrification. Post-2040, demand declines intensify as the energy transition takes a firmer hold with the deployment of long-duration battery storage and hydrogen co-firing. LNG demand falls below 55 mmtpa by 2040 and towards 40 mmtpa by 2050.
Table of contents
- Japan will lose its position as the world’s largest LNG importer to China from 2023
- Supply security concerns have remained elevated since 2022
- Japan is home to the largest regasification capacity in the world and m arket liberalisation has been underway for a number of years
- Japan has returned to the LNG contracting market since December 2022
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
LNG short-term analytics: Data download
Weekly updated data download for LNG Short-Term Analytics Service
$4,000
Commodity Market Report
LNG short-term analytics: Storage tracker
Updated tracking of global gas and LNG storage, with a monthly datapack.
$4,000
Commodity Market Report
LNG short-term analytics: Tender tracker
Monthly update of consolidated published buy-side tenders.
$4,000
