LNG

South Korea’s LNG imports up 12% in May

South Korea’s LNG imports increased by 12% on an annual basis in May, their fourth consecutive month of growth South Korea’s LNG imports increased by 12% on an annual basis in May, their fourth consecutive month of growth
By Andrew Walker 5 July 2018 0 31610
Chart showing South Korean LNG import volumes

South Korea’s LNG imports increased by 12% on an annual basis in May, the fourth consecutive month of year-on-year growth. Imports for January-May were up by 17% year on year, to just short of 17 mt. 

South Korea is increasingly sourcing its LNG from a few big exporters, and bought cargoes from eight suppliers in May. Qatar was still South Korea’s largest supplier for the month, but Australia and the United States were in second and...