LNG

Malaysia’s October exports up 27% month on month

Malaysia’s LNG exports returned to normal levels in October, following four months of year-on-year declines Malaysia’s LNG exports returned to normal levels in October, following four months of year-on-year declines.
By Andrew Walker 20 December 2018 0 33756
Malaysia’s LNG exports, October

Malaysia’s LNG exports were up by 27% in October from the previous month, bringing volumes back to normal levels. This follows four months of below-average exports resulting from technical problems with the pipelines supplying the Bintulu LNG plant.

Malaysia’s LNG exports, October 2018

  Volumes, thousand tons Value, $ million 2018 price, $/MMBtu   2017 price, $/MMBtu 2016 price, $/MMBtu
Japan 976.7 437.0 8.64   6.42 6.44
China 516.4 223.8 8.37   5.30 5.00
South Korea 317.7 120.0 7.29   6.86 6.61
Taiwan 305.9 171.3 10.81   7.27 6.13
Thailand 57.6 26.9 9.01   5.99
             
Total 2,174.2 978.9  
Average 8.69   6.31 6.23
Source: Malaysia Department of Statistics

Exports were up by 3% year on year in October, which is a significant change...