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Project Insights

Malaysian LNG exports hit 2018 high in November

Volumes for the month were the highest recorded for the year so far and up 3% on an annual basis Volumes for the month were the highest recorded for the year so far and up 3% on an annual basis.
By Andrew Walker 18 January 2019 Asia Pacific / LNG 0 33848

Malaysia’s LNG exports in November were the highest recorded for 2018 so far, eclipsing the 2.54 mt sent out in January last year. The peak followed four months of lower-than-average exports between June and September, which were the result of technical problems with the pipelines supplying the Bintulu LNG plant.

Malaysian LNG exports, November

Destination Volume, mt Value, $ mln 2018 price, $/MMBtu   2017 price, $/MMBtu 2016 price, $/MMBtu
Japan 1.02 415.59 7.87   6.83 6.06
China 0.60 245.34 7.84   5.40 5.62
South Korea 0.55 233.82 8.17   6.70 5.92
Taiwan 0.31 164.62 10.30   7.80 6.20
India 0.07 31.09 8.88  
             
Total 2.55 1,090.47  
Average 8.61   6.68 5.95
Source: Malaysia Department of Statistics

Exports in November were up by 3% year on year, reaching...