Asia Pacific: Trade

March 2016

Japan and South Korea will continue to see their LNG imports decline at the start of 2016 – in contrast with the growth expected elsewhere in the region.

Japan and South Korea have both started 2016 with falling imports – a trend expected to continue throughout the year. Japan’s LNG imports fell to 7.2 mt in January – a 14% drop year on year. In South Korea, LNG imports declined by 18% on an annual basis in January, to 3.4 mt. As gas has struggled to compete in both countries’ power sectors, gas demand and LNG imports have declined. Additionally, the peak winter months were relatively mild, further dampening the need for imports.

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Log me in

Not a subscriber?

Sign up for 7-day trial access to this and more premium content. It's free.

Sign up now