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South Korea Boosts Russian LNG Imports to 1.2Mln Tonnes in January-July 2024 - Statistics

© Sputnik / Sergei Krasnoukhov / Go to the mediabank LNG plant in Russian Far East
  LNG plant in Russian Far East - Sputnik International, 1920, 11.09.2024
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MOSCOW (Sputnik) - South Korea increased imports of liquefied natural gas (LNG) from Russia between January and July of 2024 by a quarter on the same period last year, a Sputnik analysis of official figures showed on Wednesday.
South Korea purchased 1.2 million tonnes of Russian LNG worth $711 million in the first seven months of the year following a decrease in imports seen at the end of 2023, according to Korean Statistical Information Service data. It imported 953,000 tonnes of Russian LNG worth $657 million in January-July 2023.
The boost in sales saw Russia become South Korea's sixth largest LNG supplier, with a 4.6% share in the Asian country's total LNG imports. The top three suppliers were Australia, Qatar and the United States.
Russia's Sudzha gas pumping station - Sputnik International, 1920, 14.06.2024
Analysis
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In total, South Korea imported 26.5 million tonnes of LNG during the first seven months of the year, marking an increase of 3.2% compared to the same period last year.
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