31 million tonnes of LNG in 2012

canada goose clearance Japan’s energy imports may outweigh stimulus gain canada goose clearance

buy canada goose jacket Clyde Russell is a Reuters market analyst. The views expressed are his own. buy canada goose jacket

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Canada Goose Jackets LAUNCESTON, Australia, Feb 27 (Reuters) Much canada goose uk shop of the focus on has been on the positive impact for Japan economy through a weaker yen and stimulus spending, but canada goose uk black friday this ignores the flip side of higher energy imports and costs. Canada Goose Jackets

Already this can been seen with Japan January imports of liquefied natural gas hitting a record 8.23 million tonnes, which cost 607.7 billion yen ($6.5 billion).

canada goose black friday sale If the Canada Goose Jackets same amount of LNG Canada Goose Online had been bought at end of October last year, before newly elected Prime Minister Shinzo Abe promised canada goose factory sale about $120 billion in spending by purchasing bonds, it would have cost 525.9 billion uk canada goose outlet yen, or about 13 percent less. canada goose black friday sale

The January data showed that LNG imports grew 1 percent in volume terms, but 11.4 percent Canada Goose online in value terms. This is buy canada goose jacket cheap because the yen has fallen by as much as 16 percent since Abe launched the latest plan to drag Japan from chronic recession.

canada goose deals Japan imported 87.31 million tonnes of LNG in 2012, and it cheap canada goose uk likely that this figure will rise again in 2013 to somewhere closer to 90 million tonnes. canada goose deals

canadian goose jacket This is largely cheap Canada Goose because the nation nuclear output remains low, with only 2 of 50 reactors operating currently and no further restarts likely until the third quarter at the earliest. canadian goose jacket

canada goose coats on sale Progress on restarting nuclear plants will be subject to the tug of war between support from Abe government and a sceptical public still scarred by the Fukushima disaster after the March 2011 earthquake that devastated the north of the main island of Honshu. canada goose coats on sale

canada goose store Power demand is also Canada Goose Coats On Sale likely to rise in 2013 over 2012 on the back of reconstruction efforts after the Tohuku earthquake and increased manufacturing from Abe economic stimulus. canada goose store

Japan is also forecasting https://www.canadagooseoutletmall.com Canada Goose sale a hotter than average summer this year, which may boost power demand for air conditioning.

Eastern Japan, canada goose clearance which Canada Goose Outlet includes the densely populated capital Tokyo, will have canada goose store a 40 percent chance of higher than average temperatures for the June August period, according to the official meteorological agency.

canada goose clearance sale If LNG imports rise to 90 million tonnes, and Canada Goose Parka assuming LNG prices remain relatively constant in 2013 at around the $801 canada goose coats on sale a tonne Japan paid in canada goose coats January, this would mean a 2013 import bill of around $72.1 billion. canada goose clearance sale

If the yen remains around the current level of 92.02 to the dollar, which isn much weaker than the recent 33 month high of 94.77, then the cost of LNG imports could hit 6.63 trillion yen, a 10 percent gain on the 2012 buy canada goose jacket figure.

canada goose coats And it not just LNG import costs that are likely to jump, crude oil and coal will also be subject to the impact of yen uk canada goose depreciation. canada goose coats

It also likely that Japan will import more coal in 2013 to meet higher electricity demand, and crude demand may rise from the construction sector as stimulus spending ramps up.

Coal imports may jump to as much as 182.3 million tonnes in the fiscal 2013 14 year that starts in April, according to the Institute of Energy Economics Japan, a government linked thinktank.

This is up from 178 million tonnes the prior fiscal year, meaning Japan could potentially import about 4.3 million tonnes more in the year to canadian goose jacket March 2014.

Canada Goose online Using the exchange rate from last October, the cost of 178 million tonnes of coal, assuming the $114 a tonne that the country paid for thermal coal in January, would be about 1.62 trillion yen. Canada Goose online

cheap Canada Goose Assuming steady dollar prices for coal, canada goose imports of 182 million tonnes and a yen dollar rate of the current 92.02, the 2013 import bill may be around 1.9 trillion yen, a 17.5 percent increase. cheap Canada Goose

buy canada goose jacket cheap While crude demand may rise from increased construction and manufacturing canada goose black friday sale activity, this may be offset by utilities using less fuel oil, as they are more likely to turn to coal and LNG for power generation in preference canada goose coats to expensive fuel oil. buy canada goose jacket cheap

Canada Goose Parka Japan imported canada goose uk outlet 3.91 million barrels per day in 2012, and assuming a steady price of $105.9 a barrel, which is what Japan paid in January, the depreciation of the currency may add 15 percent to the import bill. Canada Goose Parka

Canada Goose Outlet Japan total trade deficit for last year was a record 6.927 trillion yen and it clear that energy imports will put significant upward pressure on that number in 2013. Canada Goose Outlet

Canada Goose sale Abe is no canada goose clearance sale doubt hoping that the stimulus he planning, and the weaker yen, will boost manufacturing exports by more that the cost of higher energy imports Canada Goose sale.

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