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42
Petroleum Devolopments
Volume 42 Issue 10
Table7
LNG Exporter Main Countries To Japan, Korea and China, And Their Netbacks At The End Of July 2016
2.3. Sources of LNG imports
Australia was the big supplier of LNG to Japan, Korea and China
with 3.143 million tons or 31.5% of total Japan, Korea and China LNG
imports in July 2016, followed by Qatar with 16.3% and Malaysia with
15.2%.
The Arab countries LNG exports to Japan, Korea and China totaled
2.491 million tons - a share 25% of total Japanese, Korean and
Chinese 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 $5.06/million BTU at the end of July 2016, followed
by Indonesia with $4.98/million BTU then Australia with $4.94/
million BTU. And LNG Qatar’s netback reached $4.81/million BTU,
and LNG Algeria’s netback reached $4.52/million BTU.
Table (7)
shows LNG exporter main countries to Japan, South Korea, and
China and their netbacks at the end of July 2016.
* Export Revenues minus transportation costs, and royalty fees.
Source: World Gas Intelligence various issues.
Imports
(thousand tons)
Spot LNG Netbacks at
NE Asia Markets
($/million BTU)
Japan Korea China Total
Total Imports, of which:
6460
1918
1604
9982
Australia
1996
111
1036
3143
4.94
Qatar
716
822
91
1629
4.81
Malaysia
1124
179
212
1515
4.93
Indonesia
840
307
124
1271
4.98
Russia
340
65
-
405
5.06