South Korea’s Jan LNG imports down 7 percent

South Korea, the world’s third buyer of liquefied natural gas (LNG), received 3.83 million tonnes of the chilled fuel in January, a drop of 7.1 percent year-on-year.

Qatar, the world’s top LNG producer, remained the dominant source of South Korean imports with 1.17 million tonnes of the fuel imported from Qatar last month, down 28 percent on year.

Australia was the second-largest LNG supplier to Korea in January with 778,120 mt, followed by the USA with 721,253 mt and Oman that supplied 490,706 mt.

The remaining volumes imported into South Korea last month were sourced from Oman, Russia, Indonesia, and Peru.

The customs data also shows that South Korea paid an average of $11.27 per million British thermal units for LNG last month. This compares to $8.73 per mmBtu in January 2018.

LNG World News Staff