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LNG energy price Japan 2013-2019

In 2019, liquified natural gas (LNG) cost approximately 10.6 US dollars per million British thermal units in Japan, representing a decline of around five US dollars compared to 2013. The country imported approximately 98 percent of its natural gas energy supply from overseas.

Natural gas production in Japan

Japan is a land with limited natural resources, which leads to close to 90 percent of the primary energy supply depending on imports. Only around 2.3 percent of the total supply of natural gas energy is produced domestically in areas such as Hokkaido, Chiba, or Niigata Prefecture. The natural gas produced in Japan is mainly wet and dry natural gas and there are 60 oil and natural gas mines operating in Japan as of the end of 2019. Minami-Kanto natural gas fields dissolved in water, which lies across Chiba Prefecture and surrounding prefectures, yields close to 20 percent of the total production of natural gas in the country. The saltwater in the field also includes a great amount of iodine. Japan is hence the second leading country in the world after Chile regarding iodine production.

LNG imports

Apart from the two percent of in-house natural gas production, the rest of the natural gas supply in Japan originates from liquefied natural gas (LNG) imports from countries like Australia, the state of Qatar, Malaysia, and Indonesia. Japan imported around 76.5 megatons of LNG in the fiscal year 2019, making the country world’s largest importer of LNG. Natural gas and LNG accounted for roughly 23 percent of the total primary energy supply in Japan and around 96 percent of the city gas material in 2019, indicating that natural gas and LNG are some of the most essential resources Japan requires.

Liquefied natural gas (LNG) prices in Japan from 2013 to 2019 with a forecast until 2030

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Release date

April 2020



Survey time period

2013 to 2019

Special properties

price in nominal U.S dollars

Supplementary notes

Figures prior to 2014 come from previous reporting.

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