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Petroleum Devolopments
28
Volume
44
Issue
3
Table7
LNG Exporter Main Countries To Japan, Korea and China, And Their Netbacks At The End Of December 2017
2.3. Sources of LNG imports
Australia was the big supplier of LNG to Japan, Korea and China with 5.511
million tons or 32.1% of total Japan, Korea and China LNG imports in
December 2017, followed by Qatar with 17.3% and Malaysia with 13.4%.
The Arab countries LNG exports to Japan, Korea and China totaled 4.188
million tons - a share 24.4% 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 $9.43/million BTU at the end of December 2017, followed by Indonesia
with $9.31/million BTU then Malaysia with $9.26/million BTU, and Australia
with $9.25/million BTU. LNG Qatar’s netback reached $9.05/million BTU,
and LNG Algeria’s netback reached $8.67/million BTU.
Table (7)
shows LNG exporter main countries to Japan, South Korea, and China
and their netbacks at the end of December 2017.
* Export Revenues minus transportation costs, and royalty fees.
Source: World Gas Intelligence various issues.
Imports
(thousand tons)
Spot LNG Netbacks at North
East Asia Markets
($/million BTU)
Japan Korea China Total
Total Imports, of which:
7953 4176 5029 17158
Australia
2521 927 2063
5511
9.25
Qatar
812 1127 1025
2964
9.05
Malaysia
1552 422 321
2295
9.26
Indonesia
663 177 438
1278
9.31
Russia
790 196 64
1050
9.43