Japan’s LNG Inventories Rise Ahead of Peak Summer Demand Season

Japanese utilities are boosting their inventories of LNG ahead of the peak summer demand season, as power demand has been weaker in recent weeks. The LNG stocks held by Japan’s utilities are already higher compared to the same time last year, according to government data cited by Argus. The LNG inventories increased by 4.6% on June 1 from a week earlier, a survey by Japan’s trade and industry ministry showed. This week, Japan’s LNG stocks at utilities are 1.3% above the volume from the same week last year and 7.6% higher compared…