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Project Insights

South Korea’s LNG imports rise in July

Imports rose in July after strong declines in H1 Imports rose in July after strong declines in H1.
By Menelaos Vakalopoulos 29 August 2019 Asia Pacific / Supply & Demand 0 34530
South Korean LNG imports

South Korea imported more than 3 mt of LNG in July, a record high for the month. Although imports were down from 3.2 mt in June, they were still up by 10.6% on an annual basis. The temporary shutdown of nuclear reactors for maintenance helped to push up demand from the electricity sector, which was already high because of air conditioning use during the summer. Further storage builds also supported higher imports.

South Korean LNG imports, July

The July increase...