Japan’s October LNG Imports Rise 17.9%; Crude Purchases Increase

Japan’s imports of liquefied natural gas rose 17.9 percent to 6.12 million metric tons in October from a year earlier, the finance ministry said.

Crude oil imports increased 1.1 percent to 16.75 million kiloliters, while thermal-coal purchases were unchanged at 8.77 million tons, the ministry said in a preliminary report today.

Japanese power utilities boosted thermal generation by 38.8 percent in the month because of low operating rates at nuclear stations, according to data released by the Federation of Electric Power Companies of Japan. The utilization rate was at 18.5 percent of capacity, the lowest since the federation started compiling monthly data in April 1977.

The following table shows Japan’s imports for October:

=============================================================
                                         Year-on-Year Change
Crude oil         16.747                          1.1%
Gasoline           2.371                        -11.4%
LNG                6.155                         17.9%
LPG                0.888                         -7.1%
Coal              15.042                         -3.8%
 (Thermal Coal)    8.774                          0.0%
==============================================================

Note: Crude oil and gasoline are in millions of kiloliters. LNG, LPG and coal are in millions of tons.

To contact the reporter on this story: Yuji Okada in Tokyo at yokada6@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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