South Korea LNG imports down 15.2 pct in July

South Korea LNG imports down 15.2 pct in July

Imports of liquefied natural gas (LNG) by South Korea, the world’s second-largest buyer of the chilled fuel, dropped 15.2 percent year-on-year in July, according to the customs data.

South Korea imported 1.92 million mt of LNG in July, as compared to 2.26 million mt in the corresponding period in 2015.

The country paid US$584 million for July imports, down 44 percent on year, the data showed.

Most of the LNG imports in July came from Qatar (822,265 tonnes), down 25.8 percent as compared to July in 2015.

The rest of South Korea’s LNG imports in July were sourced from Indonesia, Oman, Malaysia, Australia, Angola, 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 dropped 2.8 percent in the first half of this year to 16.75 million mt of LNG.

The company’s sales into the power sector dropped down 8.2 percent in January-June as South Korea used more coal and nuclear for power generation.

Kogas sold 2.19 million tonnes of LNG in July,  a rise of 15.2 percent on year.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 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 1

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >