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LNG stocks at Japan’s power utilities rise to highest on record

September 1, 2022 Comments Off

LNG stocks held by Japan’s major power utilities rose to the highest level on record as of Aug. 28 as domestic utilities faced weaker-than-anticipated power demand amid cooler temperatures. The LNG inventory advanced for the seventh straight week, rising 6.9% on the week to 2.63 million mt as of Aug. 28, the Ministry of Economy, Trade and Industry said Aug….