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With full-year 2016 import data for the three East Asian countries which constitute the world’s top three LNG importers – Japan, South Korea, and China – now in, it is now clear that not only has Australia overtaken Qatar as top supplier, it has blown it out of the water.
Australia supplied a total of 39.1mn tons of LNG to the three importers in 2016, a 50% hike from 26.1mn tons in 2015. Usurped number one Qatar saw its volumes fall from 31.8mn t to 29.0mn t. Given that Australian LNG output is only set to rise further, the days of Qatar being the top supplier to East Asia are over. (CONTINUED - 484 WORDS)
DATA INSIDE THIS ARTICLE
|chart||Asia’s ‘Big 3’ See Collective Lng Imports Rise 3.5% In 2016 On Late-Year Buying Surge (Mn Tons)|
|chart||Australian Lng Supplies To East Asia….|
|chart||…Soared Past Those From Qatar In 2016 (Mn T)|
|chart||% Of Total Imports: Australia Has Long Been Big In Japan…|
|chart||China Saw Australia Soar Ahead Last Year…|
|chart||Only For Korea Is Qatar Still ‘Champ’|