LNG

Average East Asian LNG prices collapse in Feb

Japan and Taiwan increased their LNG imports in 2015, but South Korea has seen a substantial decline in demand for the fuel since December Japan and Taiwan increased their LNG imports in 2015, but South Korea has seen a substantial decline in demand for the fuel since December.
By Andrew Walker 2 April 2015 0 15719

Japan and Taiwan increased their LNG imports in 2015, but South Korea has seen a substantial decline in demand for the fuel since December.

Korea’s imports declined by 26% year on year in February as three nuclear reactors are expected to start up over the next few months – adding 3 GW of capacity to the grid and reducing demand for LNG.

Korea paid fan average of $13.48/MMBtu for LNG in February. This was a 20% decline year on year...