LNG in World Markets: Japanese LNG Demand Sees Near-Term Upside

LNG in World Markets

May 2021

The Ministry of Economy, Trade and Industry (METI) of Japan is expected to release its sixth strategic energy plan after June. Poten Global LNG Outlook estimates LNG demand in Japan will increase to an average 80 MMt/y during the 10 years from 2021 to 2031, from 74.5 MMt in 2020 and 77.8 MMt in 2019. This is taking into consideration the government’s aim to increase renewables and nuclear power in the energy mix.

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