LNG

Thailand’s LNG imports up by over 50% in Q2

Thailand received record volumes of LNG in Q2 and paid more for its cargoes Thailand received record volumes of LNG in Q2 and paid more for its cargoes.
By Andrew Walker 26 July 2018 0 31898

Thailand imported 53% more LNG in Q2 2018 than in Q1, an increase of 8% year on year. The country received a record 489,000 tons in April, while the 447,000 tons it received in June was its third-largest volume ever. 

Thai LNG imports, June 2018

  Volume, thousand tons Value, $ mln Cost, $/MMBtu Cost in 2017, $/MMBtu Cost in 2016, $/MMBtu
Qatar 183.0 103.6 10.90 7.96 5.45
Indonesia 129.4 59.7 8.90 7.50
Nigeria 73.8 33.5 8.76
Malaysia 60.6 27.8 8.84 5.85
           
Total 447.4 224.6
Source: Thai Ministry of Commerce

Thailand’s LNG imports were down by 3% year on year for H1, at 2.2 mt. The country expects its demand to increase tenfold...