×
×
Project Insights

Taiwan’s LNG imports slip 24% year on year in November

Taiwan’s LNG imports fell sharply year on year in November, but the long-term outlook for Taiwanese demand remains strong Taiwan’s LNG imports fell sharply year on year in November, but the long-term outlook for Taiwanese demand remains strong.
By Andrew Walker 21 January 2019 Asia Pacific / LNG 0 33850

Taiwan LNG imports, November 2018

  Volume, thousand tons Value, $ mln Price 2018, $/MMBtu   Price 2017, $/MMBtu Price 2016, $/MMBtu
Qatar 319.07 114.09 6.90   6.26 4.97
Malaysia 302.82 172.22 10.98   8.82 7.67
Australia 154.51 94.52 11.81   5.96

Russia 128.56 69.41 10.42   8.09 7.15
PNG 74.00 45.90 11.98   8.88 6.86
Indonesia 55.64 32.20 11.17   9.90 9.28
Total 1,034.61 528.34

 

Average 9.86   7.76 6.77
Source: Taiwan Bureau of Trade

Taiwan saw its LNG imports fall by 24% year on year in November 2018, putting imports for the first 11 months of the year at 15.7 mt. This is 2% higher than the volume imported during the same period a year earlier and suggests the country’s total imports for 2018 as a whole are likely to be similar to those in 2017, at 16.8...