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Petroleum Devolopments
30
Volume
45
Issue
3
Table7
LNG Exporter Main Countries to Japan, Korea and China, And Their Netbacks
*
at The End of December 2018
2.3. Sources of LNG imports
Australia was the big supplier of LNG to Japan and Korea with 3.527 million
tons or 29.4% of total Japan and Korea LNG imports in December 2018,
followed by Qatar with 21.3% and Malaysia with 12.3%.
The Arab countries LNG exports to Japan and Korea totaled 3.606 million
tons - a share 19.7% of total Japanese and Korean LNG Imports during the
same month.
2.4. LNG Exporter Netbacks
With respect to the Netbacks at North East Asia markets, Russia ranked first
with $8.29/million BTU at the end of December 2018, followed by Indonesia
with $8.02/million BTU then Malaysia with $7.96/million BTU, and Australia
with $7.87/million BTU. LNG Qatar’s netback reached $7.39/million BTU,
and LNG Algeria’s netback reached $6.68/million BTU.
Table (7)
shows LNG exporter main countries to Japan, South Korea, and
China and their netbacks at the end of December 2018.
* Export Revenues minus transportation costs, and royalty fees.
Source: World Gas Intelligence various issues.
Imports
(thousand tons)
Spot LNG Netbacks at North
East Asia Markets
($/million BTU)
Japan Korea Total
Total Imports, of which:
7254 4734 11988
Australia
2480 1047
3527
7.87
Qatar
904 1648
2552
7.39
Malaysia
982
497
1479
7.96
Russia
597
195
792
8.29
Indonesia
491
185
676
8.02