South Korea boosts August LNG imports

South Korea, the world’s third buyer of liquefied natural gas (LNG), received 2.92 million tonnes of the chilled fuel in August, a rise of 12.4 percent year-on-year.

Compared to the previous month, LNG imports rose 6 percent, according to the customs data.

The data shows that South Korea paid $1.54 billion for LNG last month. This compares to $1.1 billion in August last year.

Qatar, the world’s top LNG producer, remained the dominant source of South Korean imports with 0.93 million tonnes of the chilled fuel imported from Qatar in August, almost flat on year.

Australia was the second-largest LNG supplier to Korea last month with 513,795 mt, followed by Indonesia with 381,926 mt, Oman with 362,009 mt and the US that supplied 342,406 mt of LNG.

The remaining volumes imported into South Korea last month were sourced from Malaysia, Peru, Egypt and Equatorial Guinea, the data shows

LNG World News Staff