South Korea: Sep LNG imports down YoY

Imports of liquefied natural gas (LNG) by South Korea, the world’s second-largest buyer of the chilled fuel, dropped 13.8 percent year-on-year in September, according to the customs data.

South Korea imported 2.24 million mt of LNG in September, as compared to 2.59 million mt in the corresponding month last year.

The country paid about US$786 million for September imports, down 39.3 percent on year, the data showed.

Qatar, the world’s largest exporter, supplied most of the September volumes (1.11 million mt), up by 5.7 percent as compared to in 2015.

The rest of South Korea’s LNG imports in September were sourced from Indonesia, Oman, Australia, Malaysia, Brunei, Nigeria and Russia.

State-owned Kogas, that handles almost all of the LNG imports into South Korea, said last week its sales volume dropped 0.1 percent in September to 1.97 million mt.

LNG World News Staff