July 2018-E

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Petroleum Devolopments
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Volume44 Issue 7
Table7 LNG Exporter Main Countries to Japan, Korea and China, And Their Netbacks at The End of April 2018
2.3. Sources of LNG imports
Australia was the big supplier of LNG to Japan, Korea and China with 3.841
million tons or 31.8% of total Japan, Korea and China LNG imports in April
2018, followed by Qatar with 22.7% and Malaysia with 10.7%.
The Arab countries LNG exports to Japan, Korea and China totaled 3.527
million tons - a share 29.2% 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 $7.17/million BTU at the end of April 2018, followed by Indonesia with
$7.05/million BTU then Malaysia with $6.99/million BTU, and Australia with
$6.98/million BTU. LNG Qatar’s netback reached $6.77/million BTU, and
LNG Algeria’s netback reached $6.38/million BTU.
Table (7) shows LNG exporter main countries to Japan, South Korea, and China
and their netbacks at the end of April 2018.
* Export Revenues minus transportation costs, and royalty fees.
Source: World Gas Intelligence various issues.
Imports
(thousand tons)
Spot LNG Netbacks at North
East Asia Markets
($/million BTU)
Japan Korea China Total
Total Imports, of which: 5608 3217 3254 12079
Australia 2172 448 1221 3841 6.98
Qatar 868 972 896 2736 6.77
Malaysia 678 354 257 1289 6.99
Indonesia 409 315 215 939 7.05
Russia 469 259 ــ 728 7.17