Posted - May 16, 2013 - Hellenic Shipping News Worldwide - Via - Bloomberg
Liquefied natural gas imports by South Korea, the world’s second-largest buyer of the fuel, rose 29 percent in April as domestic
demand increased.
Shipments climbed to 3.51 million metric tons from 2.72 million a year
earlier, according to data on the Korea Customs Service’s website today.
The monthly volume dropped from 4.16 million tons in March.
The total cost of last month’s purchases increased to $2.61 billion from
$2.15 billion in the same month a year earlier, the data showed today.
The average price paid declined to $742.62 per ton from $790.73 a year
ago.
South Korea buys most of its LNG under multiyear contracts from
suppliers including Qatar, Indonesia and Oman. April’s purchases
included a spot shipment of 61,189 tons from Equatorial Guinea at
$885.29 a ton, the data show.
State-run Korea Gas Corp. (036460), the world’s biggest LNG buyer, said
May 10 that its April domestic sales of gas increased 10 percent to 3.21
million tons from a year earlier. Demand from electricity producers
rose 5.2 percent, while that from local city gas providers climbed 16
percent, it said.
Source: Bloomberg
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