This Six-Year Running Oil And Gas Trend Just Reversed Itself

This Six-Year Running Oil And Gas Trend Just Reversed Itself by Dave Forest, Pierce Points

The U.S. Senate this week approved a bill to speed permitting of new liquefied natural gas (LNG) export facilities. Just as news from one of the world’s most important LNG consumers shows the market isn’t what it used to be.

The place is Japan. Where statistics released Wednesday showed that annual Japanese LNG demand fell for one of the first times in recent memory.

Trade data showed that Japan’s total LNG imports for the fiscal year ended March 31 were down 6.2% as compared to the previous fiscal. With the country bringing in a total of 83.571 million tonnes of LNG for the 12-month...