Australia defied Qatar in the giant LNG markets
Australia has overtaken Qatar as top supplier to the big trio markets i.e. Japan, S. Korea and China.
Final statistical report of LNG imports by the three Asian big markets i.e. Japan, S. Korea, and China which are also the world’s top LNG buyers in 2016 indicates that Australia has overtaken Qatar as top supplier to these markets.
Last year, Japan has reduced its LNG imports and S. Korea’s imports untouched while China has imported more LNG (6.65 MMT).
Share of Australian LNG in the world’s big trio markets has considerably increased from 19% in 2015 to 28% in 2016 as it supplied more than 40 MMT of LNG to these countries, up 54% YoY.
Meanwhile, share of Qatari LNG in the world’s big trio markets has decrease from 23% in 2015 to 20% in 2016 as it supplied about 29 MMT of LNG to these countries, down 9% YoY.
“With start-up of the under-construction LNG projects in Australia (Ichthys, Wheatstone and Prelude), share of the country in the trio big markets will be increased as they are the main target markets for theses project,” Mosi Nabi Senior Consultant at Global LNG Info said, adding that “it seems that Qatari LNG producers are shifting their target markets from the big but glut markets to the emerging albeit shaky markets like Pakistan.”
Global LNG Info