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South Korea’s LNG imports fall 20% year on year in Q1

The country took 35% less LNG in March as a mild winter and increased nuclear generation reduced demand for the fuel The country took 35% less LNG in March as a mild winter and increased nuclear generation reduced demand for the fuel.
By Andrew Walker 17 April 2019 Asia Pacific / LNG 0 34142

South Korea imported 2.5 mt less LNG in Q1 2019 than it did in Q1 2018, a drop of 20%. Imports were down by 35% year on year in March, compounding similar declines seen in January and February. The country’s demand for gas typically peaks between December and March, but milder temperatures this winter meant its demand for city gas was significantly lower than it was last winter.

Chart showing South Korean LNG imports by month

Power sector gas demand also fell on...