South Korea boosts January LNG imports

Image courtesy of Kogas

South Korea, the world’s second-largest buyer of LNG, boosted its imports of the chilled fuel by 27.4 percent in January year-on-year on the back of low winter temperatures.

The country imported 4.29 million mt of LNG in January, as compared to 3.37 million mt in the corresponding month the year before, according to the customs data.

This is the second straight month that South Korea’s imports were above the 4 million mt mark as demand for LNG for power generation rose due to the colder-than-usual temperatures in the midst of the heating season.

South Korea paid about $1.77 billion for December imports, the data showed.

The world’s largest LNG exporter, Qatar, remained the dominant source of South Korean imports with 1.4 million mt of the chilled fuel imported from Qatar in January.

Australia was the second-largest LNG supplier to Korea in January with 806,795 mt.

The remaining volumes imported into South Korea were sourced from Oman, Russia, Indonesia, Malaysia, Peru, Brunei, Nigeria, the United States, Angola, Papua New Guinea, Trinidad and Tobago, and Singapore.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

03rd OIL & GAS TANZANIA 2017

After a successful Oil & Gas Exhibition in 2016, Expogroup is all set for the 6th OIL & GAS AFRICA 2017…

read more >

LNG Roadmap Workshop

4th Workshop “LNG Roadmap – LNG as a driving force for cross-border cooperation within Europe”.

read more >

LNG Shipping

The 2017 LNG Shipping conference will bring together producers, carriers, regulators and industry experts…

read more >

CWC World LNG & Gas Series: Americas Summit

The Premier Meeting Place in the Americas for LNG & Gas Supply Chain

read more >