South Korea imports less LNG in Aug

Pyeongtaek LNG import terminal (Image courtesy of Kogas)
Pyeongtaek LNG import terminal (Image courtesy of Kogas)

Imports of liquefied natural gas (LNG) by South Korea, the world’s second-largest buyer of the chilled fuel, dropped 7 percent year-on-year in August, according to the customs data.

South Korea imported 1.97 million mt of LNG in August, as compared to 2.12 million mt in the corresponding period in 2015.

The country paid about US$649 million for August imports, down 34.3 percent on year, the data showed.

Most of the August imports came from Qatar (824,988 tonnes), up by 7.5 percent as compared to August in 2015.

The rest of South Korea’s LNG imports in August were sourced from Australia, Indonesia, Oman, Malaysia, Brunei, and Russia.

To remind, state-owned Kogas that handles almost all of the LNG imports into South Korea said last week its sales volume rose 5.6 percent in August to 2.20 million mt.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 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

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >