Chubu Electric Sees Japan's LNG Imports at 83.4 mt in 2012

Chubu Electric Power expects Japan's liquefied natural gas (LNG) imports to jump to 83.4 million tonnes in 2012, from around 78.5 million tonnes in 2011, Reuters reported citing a company executive.

LNG demand from Japan will likely peak in 2012, with demand decreasing due to a variety of factors including inadequate terminal capacity, the global economic outlook, electricity saving efforts, and the availability of renewable options, Norio Iwai, general manager, LNG Business, Chubu Electric Power, said at an industry gathering in Singapore on Tuesday, the newswire reported .