Support The Moscow Times!

Japan Boosts Natural Gas Imports From Russia

Ken Hodge/ Flickr (CC BY 2.0)

Japan, the world’s largest importer of liquefied natural gas (LNG), imported over 200% more of the fossil fuel from Russia in August, the Kommersant business daily reported Thursday, citing data from Japan’s finance ministry.

Japan buys two-thirds of its LNG from Australia, Malaysia and Qatar, according to Kommersant. Russia accounts for 9% of Japan’s LNG imports, followed by the United States with 6%.

According to the finance ministry’s customs data, Japan shipped 450,000 metric tons of LNG from Russia last month — a 211.2% increase from August 2021.

Japan’s LNG shipment boost follows Russia’s replacement of the Sakhalin-2 LNG project’s operator with a domestic entity in response to “unfriendly” Western sanctions.

The move sparked uncertainty over the continuity of LNG supplies, though Japanese buyers renewed contracts to buy LNG from Sakhalin-2 after they were guaranteed the same financial terms by the new Russian operating company.

August 2022 data published by Japan’s finance ministry showed a 67.4% increase in total imports from Russia and a 21.5% decrease in exports.

Japan has joined its ally the United States and other Western countries in imposing unprecedented sanctions on Russia for its invasion of Ukraine. Scores of Japanese industrial, tech and consumer companies have left or suspended operations in Russia since the February invasion.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more