Supply & Demand

East Asian LNG imports fall in November year on year

LNG imports fell in Japan and South Korea during November 2017 LNG imports fell in Japan and South Korea during November 2017.
By Andrew Walker 4 January 2018 0 28948
Japanese LNG volumes, November

Japan’s LNG imports fell by 15% on an annual basis in November, to 6.4 mt – the biggest year-on-year decline in 2017 so far. LNG imports for the year to November were virtually flat year on year. The average price for spot LNG cargoes contracted in November hit $9/MMBtu – their highest level since 2015. The average price of spot cargoes arriving in November reached an eight-month high of $7.10/MMBtu. Japan paid $7.88/MMBtu on average for the LNG...