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Petroleum Devolopments
32
Volume
44
Issue
2
Table7
LNG Exporter Main Countries To Japan, Korea and China, And Their Netbacks At The End Of November 2017
2.3. Sources of LNG imports
Australia was the big supplier of LNG to Japan, Korea and China with 4.130
million tons or 29.9% of total Japan, Korea and China LNG imports in
November 2017, followed by Qatar with 18% and Malaysia with 14.9%.
The Arab countries LNG exports to Japan, Korea and China totaled 3.538
million tons - a share 25.6% 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 $9.26/million BTU at the end of November 2017, followed by Indonesia
with $9.14/million BTU then Malaysia with $9.09/million BTU, and Australia
with $9.08/million BTU. LNG Qatar’s netback reached $8.88/million BTU,
and LNG Algeria’s netback reached $8.50/million BTU.
Table (7)
shows LNG exporter main countries to Japan, South Korea, and China
and their netbacks at the end of November 2017.
* Export Revenues minus transportation costs, and royalty fees.
Source: World Gas Intelligence various issues.
Imports
(thousand tons)
Spot LNG Netbacks at North
East Asia Markets
($/million BTU)
Japan Korea China Total
Total Imports, of which:
6411 3328 4056 13795
Australia
2228 437 1465
4130
9.08
Qatar
776 893 815
2484
8.88
Malaysia
1162 626 263
2051
9.09
Indonesia
544 259 336
1139
9.14
Russia
283 194 192
669
9.26