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Japan LNG demand has likely peaked: government official

Mon, 10/22/2012 - 10:25pm
Reuters

SINGAPORE (Reuters) - The spike in Japanese demand for liquefied natural gas (LNG) triggered by a halt in nuclear power output in the wake of the Fukushima disaster may have peaked, as two reactors are back online and the summer demand season has passed, a senior government official said.

Japan, the world's top LNG consumer, boosted purchases further following the shutdown of atomic reactors after the March 2011 earthquake and tsunami crippled the Fukushima Daiichi nuclear plant, even as the jump in imports widened its trade deficit to record levels.

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