LNG

Taiwanese LNG demand up by 11.2% in Jan-May 2018

Taiwan’s demand for LNG has shown double-digit growth in the first five months of the year compared with 2017 Taiwan’s demand for LNG has shown double-digit growth in the first five months of the year compared with 2017.
By Andrew Walker 6 August 2018 0 32018

Taiwanese LNG imports, May 2018

Country Volume, thousand tons Value, $ million Cost, $/MMBtu Cost in 2017, $/MMBtu Cost in 2016,$/MMBtu
Malaysia 359.75 164.42 8.82 8.73 6.11
Qatar 317.72 129.46 7.87 5.51 5.75
Russia 194.54 87.91 8.72 6.50 4.28
Brunei 189.81 92.19 9.38 8.80
Australia 132.01 51.78 7.57 6.20
Indonesia 125.58 50.95 7.83 9.95 6.01
PNG 76.86 31.27 7.85 7.31 5.79
Trinidad 57.71 25.86 8.65
           
Total 1,453.97 633.83
Average 8.42 7.29 5.78
Taiwan LNG volumes

Taiwan’s LNG demand continues to rise rapidly, with imports up by 11.2% year on year in the first five months of 2018. The country imported a record 16.8 mt of the fuel in 2017, which represented growth of 12.2% on an annual basis.

Taiwan could import nearly 20 mt of LNG in 2018 as a whole, which would bring it close to overtaking...