Chubu Electric sees Japan's 2012 LNG imports at 83.4 mln tonnes

Chubu Electric Power sees Japan's liquefied natural gas (LNG) imports at 83.4 million tonnes in 2012, up from around 78.5 million tonnes in 2011, a company executive said at an industry gathering in Singapore on Tuesday, Reuters reports.

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.