Japanese utilities boost LNG reserves, METI sees no calls for emergency supply yet
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Japanese utilities have increased their LNG reserves by 10% to 2.19 million metric tons as of March 1, with total national stocks exceeding 4 million tons. The Ministry of Economy, Trade and Industry (METI) reported no requests for emergency supply usage, indicating no immediate shortage risk. JERA, Japan's largest LNG buyer, is required to secure monthly cargoes under the Strategic Buffer LNG scheme. Despite regional tensions affecting oil and gas prices, Japan's LNG supply remains stable, with inventories providing significant coverage against potential disruptions.
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