Japan's 2023 Preliminary LNG Imports Down 8%, Lowest in 14 Years
Feb 03,2024 | DAXTROMNSOLAR
Japan's preliminary liquefied natural gas (LNG) imports for 2023 have decreased by 8%, marking the lowest level in the past 14 years. The reduced demand for LNG in Japan can be attributed to several factors. Firstly, the government's efforts to promote renewable energy sources such as solar power have been successful. As a result, households and businesses have been turning to solar power for their energy needs, reducing the reliance on LNG.
Furthermore, the COVID-19 pandemic has impacted Japan's overall energy consumption and economic activities, leading to a decrease in LNG demand. The restrictions and lockdown measures implemented to curb the spread of the virus have affected industrial operations, resulting in reduced energy requirements.
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