Posted - 15Aug2013/421 am EDT/821 GMT - Chloe Hang,- Edited by Meghan Gordon, - Platts
South Korea imported 2.43 million mt of LNG in July, marking the first
time since August 2012 that the country's monthly imports fell below 2.5
million mt, customs data released Thursday showed.
July's LNG imports were down 11.8% year on year and down 12.5% from June's revised LNG import volume of 2.77 million mt.
Qatar remained South Korea's top supplier of LNG in July, delivering 784,298 mt, down 18.9% year on year and down 16% from June.Oman came in second, sending 363,287 mt of LNG to South Korea in July, up 49.2% year on year but down 1.3% month on month.
South
Korea's average July LNG import price was $775.41/mt ($14.91/MMBtu),
down 5.5% from a year ago and down a marginal 0.2% from June. The South
Korean customs data showed an LNG cargo sourced from Panama, which has
no existing LNG liquefaction terminals, according to Platts data. It
could not be immediately confirmed if the information was an error.
Despite
the lower LNG import volume for July, South Korea's state-owned Korea
Gas Corp. saw its LNG sales for the month rise 13.8% year on year to
2.57 million mt, marking year-on-year growth for four consecutive
months. Kogas attributed the increased sales to strong demand for
electricity generation following nuclear outages.
Indonesia
reached a deal with Kogas to allocate six available cargoes -- each
around 125,000 cubic meters in size -- from the Bontang LNG plant in
East Kalimantan for the remainder of this year on top of previously
contracted volumes, an Indonesian official said early August.
Post to be found at:
http://www.platts.com/latest-news/natural-gas/singapore/s-koreas-jul-lng-imports-fall-below-25-mil-mt-27297467
No comments:
Post a Comment