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Volume 42 Issue 2
Table7
LNG Exporter Main Countries To Japan, Korea and China, And Their Netbacks At The End Of November 2015
2.3. Sources of LNG imports
Qatar was the big supplier of LNG to Japan, Korea and China with
2.700 million tons or 24.1% of total Japan, Korea and China LNG
imports in November 2015, followed by Australia with 20.1% and
Malaysia with 14.5%. Whereas Algeria exported about 125 thousand
tons of LNG to Japan and Korea.
The Arab countries LNG exports to Japan, Korea and China totaled
3.800 million tons - a share 33.9% of total Japanese, Korean and
Chinese LNG Imports during the same month.
2.4. LNG Exporter Netbacks
With respect to the Netbacks at NE Asia markets, Russia ranked
first with $7.13/million BTU at the end of November 2015, followed
by Indonesia with $7.03/million BTU then Australia and Malaysia
with $6.98/million BTU. And LNG Qatar’s netback reached $6.81/
million BTU, and LNGAlgeria’s netback reached $6.49/million BTU.
Table (7)
shows LNG exporter main countries to Japan, South Korea,
and China and their netbacks at the end of November 2015.
* Export Revenues minus transportation costs, and royalty fees.
Source: World Gas Intelligence various issues.
Imports
(thousand tons)
Spot LNG Netbacks at
NE Asia Markets
($/million BTU)
Japan Korea China Total
Total Imports, of which:
6694
2706
1818
11218
Qatar
1026
1057
617
2700
6.81
Australia
1172
344
106
1622
6.98
Malaysia
1661
ــ
594
2255
6.98
Indonesia
402
422
278
1102
7.03
Russia
589
384
64
1037
7.13
Nigeria
252
70
ــ
322
6.48
Algeria
62
63
ــ
125
6.49