Organization of Arab Petroleum Exporting Countries
Petroleum
Devolopments
Volume 40 Issue 5
34
2- Asian LNG Markets
In February 2014, the price of Japanese LNG imports increased by $0.1/
million BTU comparing with the previous month to reach $16.8/ million BTU.
Similarly the price of Korean LNG imports increased by $1.0/ million BTU
comparing with the previous month to reach a level of $15.6/ million BTU,
whereas the price of Chinese LNG imports decreased by $1.6/million BTU
comparing with the previous month to reach $11.7/ million BTU.
Total Japanese, Korean and Chinese LNG imports from various sources,
decreased by 13.6% or 2079 thousand tons from the previous month level to
reach 13.203 million tons.
The Arab countries LNG exports to Japan, Korea and China totaled 5.478
million tons - a share 41.5% of total Japanese, Korean and Chinese LNG
imports.
Table (5)
shows the prices and quantities of LNG imported by Japan,
South Korea, and China in 2009-2014.
Source: World Gas Intelligence April 9, 2014.
Figure - 8
Gas Futures, April 7, 2014
($/Million BTU)
Futures gas prices recorded on April 7, 2104,indicate that those quoted at
the London’s ICE were higher than those quoted at the NYMEX for the period
from May 2014 to February 2015,with maximum differential of $6.32/ million
BTU in February 2015.These developments are shown in
figure (8)
.
