Based on the forecasted data, the imports of Liquefied Natural Gas (LNG) to Japan are expected to see a steady increase over the next five years from 2024 to 2028. In 2023, the volume of LNG imports stood at a certain level, and by 2024, it is forecasted to reach 117.15 billion kilograms. This rising trend continues annually, reaching 127.41 billion kilograms in 2028.
Examining year-on-year variations:
• 2025: 2.2% increase from the previous year
• 2026: 2.2% increase from the previous year
• 2027: 2.1% increase from the previous year
• 2028: 2.0% increase from the previous year
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 indicates a 2.1% average annual increase in LNG imports.
Future trends to watch for include geopolitical developments affecting global LNG supply chains, shifts in energy policy towards renewables in Japan, and technological advancements in LNG storage and regasification infrastructure, all of which could impact import volumes and market dynamics.
