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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 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

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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...