Friday, 29 September 2017

South Korea’s sudden hunger for LNG surprises analysts

Strikingly, South Korea’s year-to-date LNG demand has risen by over 4 million tons – contrary to expectations it would fall. Yet very little of this demand strength comes from the power sector; according to Energy Aspects, Korea’s LNG appetite this year has been more down to expansion of LNG import facilities with players having bought cheap spot cargoes on spec and put the gas into storage.

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