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2018-01-03 15:50:00

CHINA'S LNG IMPORTS UP 48.4%

CHINA'S LNG IMPORTS UP 48.4%

PLATTSChina overtook South Korea to become the world's second-largest LNG importing country in 2017, according to completed voyage data compiled by S&P Global Platts trade flow software cFlow.

Northeast Asia's four largest buyers imported a total of 172.28 million mt in 2017, up 12.65% year on year.

Chinese imports of LNG in 2017 totaled 37.89 million mt, up 48.4% year on year, while imports by South Korea totaled 36.51 million mt, up 10.81% year on year.

Japan retained its position as the world's top importer, receiving 81.61 million mt in 2017, up 2.28% year on year. Northeast Asia's fourth-largest importer, Taiwan, imported 11% more in 2017 at 16.27 million mt.

In December, China imported 5.05 million mt of LNG, up 38.25% year on year, registering its single highest ever monthly import volume since it started importing LNG in 2006.

Japan imported 7.6 million mt of LNG in December, up 0.82% year on year.

 

Northeast Asian LNG imports (all figures in million mt)

  Dec 2016 Dec 2017 % Change on year
Japan 7.53 7.60 0.82%
China 3.65 5.05 38.25%
South Korea 3.84 3.73 -2.79%
Taiwan 1.35 1.31 -2.88%
Total 16.38 17.69 8.02%

 

  Full-year 2016 Full-year 2017 % Change on year
Japan 79.79 81.61 2.28%
China 25.54 37.89 48.37%
South Korea 32.95 36.51 10.81%
Taiwan 14.66 16.27 11.01%
Total 152.94 172.28 12.65%

 

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Earlier:

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2017, November, 29, 09:55:00

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Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

 

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2017, November, 13, 10:40:00

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Vietnam’s state television said Chinese President Xi Jinping had told Vietnam’s General Secretary Nguyen Phu Trong he wanted to work with Southeast Asian nations on a code of conduct in the sea. China’s Xinhua news agency said China and Vietnam had agreed to properly handle maritime issues and strive to maintain peace and stability.

 

 OPEC: 2040 GLOBAL ENERGY CHANGES
2017, November, 9, 14:00:00

OPEC: 2040 GLOBAL ENERGY CHANGES

Within the grouping of Developing countries, India and China are the two nations with the largest additional energy demand over the forecast period, both in the range of 22–23 mboe/d.

 

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