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South Korea’s imports soar by 28% in February

South Korea’s LNG imports increased by 28% year on year in February, to a four-year high of 4.6 mt South Korea’s LNG imports increased by 28% year on year in February, to a four-year high of 4.6 mt.
By Andrew Walker 29 March 2018 0 30213

South Korea’s LNG imports increased by 28% year on year in February, to a four-year high of 4.6 mt, as the country prepared to take 2.3 GW of coal-fired capacity offline. Five coal-fired power plants will be shuttered until June to reduce pollution. However, cold weather has raised power and heating requirements, and LNG demand has increased significantly.

Graph showing South Korean LNG import volumes

South Korea received LNG from 14 countries in February. The volumes included a number of spot cargoes from...