Japan's LNG imports dropped 15% from a year ago to 6.4 million mt in November with volumes from Australia, Malaysia and Qatar falling, according to data released by the Ministry of Finance on Wednesday.
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Australia was the top supplier with 2.23 million mt, down 9.9% from a year earlier.
The second-largest supplier was Malaysia with 1.16 million mt, down 9.8% from a year ago. Imports from Qatar fell 25% year on year to 776,263 mt.
Volumes from Australia, Malaysia and Qatar accounted for nearly 65% of Japan's LNG imports in November.
Meanwhile, a couple of cargoes arrived from the US in November.
The Torben Spirit delivered a Sabine Pass cargo to the Sakai terminal on November 6 while The Ribera Del Duero Knutsen delivered a cargo from Sabine Pass to the Oita terminal on November 20, according to S&P Global Platts ship-tracking software cFlow.
Japan also received cargoes from Algeria and Nigeria.
The Oak Spirit delivered an Algerian cargo to the Kawagoe terminal on November 7 and the LNG Port-harcourt Ii delivered a cargo from Nigeria to the Futtsu terminal on November 15, according to cFlow.
The Japan Customs Cleared crude oil price was $57.676/b in November, up 17.5% from a year earlier and 5.3% from the previous month.
Some of Japan's long-term LNG contracts are linked to the JCC crude price, but with a lag of a few months, so fluctuations in oil prices typically take some time to be reflected in LNG prices.
Japan LNG imports
Source: Ministry of Finance, Petroleum Association of Japan