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Friday January 25, 2013

Japan’s 2012 LNG imports at record

TOKYO: Japan's LNG imports soared 11.2% to a record high of 87.31 million tonnes in 2012, driven by an increased need for fuel to generate electricity after the nuclear sector was hit by the Fukushima crisis, government data showed on Thursday.

Japan logged a record trade deficit of 6.927 trillion yen (US$78.24bil) in 2012 as the debt crisis in the euro zone and a territorial row with China hurt exports, while the shutdown of nuclear power plants after the 2011 earthquake and tsunami pushed up energy imports.

Japan is the world's top importer of liquefied natural gas (LNG) and last year's shipments were also a record in value terms at 6 trillion yen, overturning a previous record in 2011. - Reuters

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