Free Trial

Global Weekly LNG Imports Rose Last Week on China, South Korea

LNG

Global weekly LNG imports rose by 12% to 8.9mn tons during 26 February and 3 March, driven by an increase in shipments to South Korea and China, continuing the recovery after the Lunar New Year Holiday.

  • Imports into JKCT rose by 1.06mn tons to 4.79mn tons last week.
  • Chinese LNG imports rose by 0.52mn tons last week to 1.78mn tons, while South Korean imports rose by 0.63mn tons on the week to 1.37mn tons.
  • NW Europe and Italy’s LNG imports dropped by 0.4mn tons to 1.23mn tons, while Other Europe increased LNG imports to 1.22mn tons, from 0.95mn tons the week before – led by Turkey.
  • Global weekly LNG supply declined by 13% to 7.3mn tons due to lower US and Qatari output.
  • In the US, no cargo was shipped from Cove Point LNG last week, down from three in the week prior. US LNG exports last week dropped by 0.29mn tons to 1.62mn tons.
  • Qatari exports fell by 0.21mn tons to 1.33mn tons.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.