CHINA'S LNG IMPORTS UP 48.4%
PLATTS - China 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|
|Full-year 2016||Full-year 2017||% Change on year|
|January, 22, 08:50:00|
|January, 22, 08:45:00|
|January, 22, 08:40:00|
|January, 22, 08:35:00|
|January, 22, 08:30:00|
|January, 22, 08:25:00|
WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.
WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.
WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.
PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.