Japanese power companies consumed 4.46 million tonnes of LNG for power generation in September, down 14.2% from August, as higher hydropower generation helped reduce natural gas use.
They also consumed 9.59 million tonnes of thermal coal in September, down 8.3% from August, while their crude oil consumption rose 7.4% from the previous month to 117,447 kiloliters (24,624 barrels per day), the preliminary data for September from the Ministry of Economy, Trade and Industry showed.
The utilities generated 82.5 billion kilowatt-hours of electricity in September, the data showed.
The group of 10 former power monopolies, which started publishing monthly data in 1972, stopped compiling power output and demand numbers in April to ensure fair competition after the liberalization of the retail power market.
Hence, the trade ministry's monthly data is the only official data gauging the power statistics.
The trade ministry surveyed only about 20 power firms, including the former 10 monopolies, until the previous fiscal year ended in March, but revised the data significantly since the power sector was fully liberalized for open competition on April 1. The ministry now surveys hundreds of companies that generate power and/or sell it.
Recommended Reading
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
2024-04-11 - Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
Exxon Mobil Green-lights $12.7B Whiptail Project Offshore Guyana
2024-04-12 - Exxon Mobil’s sixth development in the Stabroek Block will add 250,000 bbl/d capacity when it starts production in 2027.
Pitts: Heavyweight Battle Brewing Between US Supermajors in South America
2024-04-09 - Exxon Mobil took the first swing in defense of its right of first refusal for Hess' interest in Guyana's Stabroek Block, but Chevron isn't backing down.
Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d
2024-04-15 - Exxon Mobil, which took a final investment decision on its Whiptail development on April 12, now estimates its six offshore Guyana projects will average gross production of 1.3 MMbbl/d by 2027.