LNG

South Korean LNG imports decline by 25% in April

South Korea’s LNG imports fell by 25% in April largely a result of warmer temperatures and lower demand for energy during the spring South Korea’s LNG imports fell by 25% in April largely a result of warmer temperatures and lower demand for energy during the spring.
By Andrew Walker 7 June 2018 0 31191
Korean LNG imports per month

South Korean LNG imports, April 2018

Country Volume, mt Value, $ million Cost, $/MMBtu Cost in 2017, $/MMBtu Cost in 2016,$/MMBtu
Qatar 0.97 486.12 9.65 8.64 7.49
Australia 0.45 221.27 9.53 7.99 6.57
Oman 0.36 201.56 10.84 8.55 6.94
Malaysia 0.35 160.80 8.76 8.22 6.63
Indonesia 0.31 129.36 7.93 5.33 5.64
Russia 0.26 121.34 9.03 7.07 5.29
Peru 0.24 118.46 9.70
US 0.21 84.58 7.88 6.12
Angola 0.07 32.96 9.58
           
Total 3.22 1556.46
Average 9.34 7.89 6.61
Source: Korea Customs Service
Korea's LNG volumes

South Korea’s LNG imports fell by 25% in April from a month earlier – a decline of more than 1 mt. The fall is largely a result of warmer temperatures and lower demand for energy during the spring. 

Although LNG imports declined in April month on month, they were...