Global LNG trade slows in first-half 2013 to 177.9 million mt

摘要

Global LNG trade flows fell in first-half 2013, compared with the same period in 2012, with increased demand from Asian and South American buyers proving insufficent to spur a recovery in global trade. Global volumes recorded at 117.9 million mt over first-half 2013 were 0.4% lower than in the same period of 2012, data compiled by Platts shows. Demand in Asia increased 6.6%, driven mainly by rises in South Korean imports and the startup of new plants in Southeast Asia. Imports to South Korea grew 16% to 21.4 million mt over first-half 2013. Warmer than average summer temperatures in June and unexpected decreases in nuclear power generation following a false certification of parts scandal resulted in increased demand for LNG in the region. However, South Korea has been successful in avoiding the spot market, with state importer Kogas requesting additional volumes from existing suppliers that it has long-term contracts with and signing new deals for cargoes from Europe.