No early recovery in Japan's spot LNG demand

摘要

Although investment in other countries is eroding its dominance, Japan remains the world's largest market for LNG with some two-thirds of global regasification capacity. Industrial output in Japan is rising and with it the requirement for natural gas. However, the recovery looks insufficient to create much demand for spot LNG purchases in fiscal 2010/11 when set against Japanese utilities' contracted long-term volumes.