Japan's Liquefied Natural Gas (LNG) import values for the years 2024 to 2028 are forecasted to show a gradual decline. In 2023, actual LNG imports stood at 96.48 Billion Cubic Meters. For 2024, the forecasted value is 95.64 Billion Cubic Meters, marking a year-on-year decrease of approximately 0.87%. Looking further, the values for 2025 to 2028 exhibit a consistent downward trend. The year-on-year variations are as follows:
• 2025: -0.97%
• 2026: -0.79%
• 2027: -0.63%
• 2028: -0.51%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately -0.72%, indicating an average annual decline in LNG imports.
Future trends to watch for include the potential impacts of Japan's energy policy shifts towards renewable energy sources and the possible stabilization or further decline of LNG imports as alternative energy technologies become more prevalent and efficient.
