Almost 40% of tellurian liquefied healthy gas trade moves by a South China Sea

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The South China Sea is a vital track for liquefied healthy gas (LNG) trade, and in 2016, roughly 40% of tellurian LNG trade, or about 4.7 trillion cubic feet (Tcf), upheld by a South China Sea.

Illustration by U.S. Energy Information Administration, formed on IHS EDIN, BP Statistical Review of World Energy 2017, and Chinese import statistics from Global Trade Tracker.

The South China Sea is an critical trade track for Malaysia and Qatar. The dual LNG exporters collectively accounted for some-more than 60% of sum South China Sea LNG volumes in 2016. Almost half of Qatar’s tellurian LNG shipments trafficked by a South China Sea in 2016. All of Malaysia’s LNG exports pass by a South China Sea, as a country’s one LNG trade formidable lies on a South China Sea coast.

Several other LNG exporters also use South China Sea trade routes to strech LNG importers. In 2016, Oman, Brunei, and a United Arab Emirates shipped between 84% and 100% of their sum LNG exports by a South China Sea.

Other LNG exporters in a region, such as Australia and Indonesia, make some-more use of other trade routes to strech LNG markets. In 2016, about 23% of sum Australian LNG exports and about 29% of Indonesian LNG exports were shipped by approach of a South China Sea. Much of a residue of Australia’s and Indonesia’s LNG exports upheld to a easterly of a Philippines and Taiwan, avoiding a South China Sea on a approach to business in Japan, South Korea, and northern China.

Illustration by U.S. Energy Information Administration formed on BP Statistical Review of World Energy 2017 and Chinese import statistics from Global Trade Tracker.

The 4 LNG importers with a largest volumes flitting by a South China Sea are Japan, South Korea, China, and Taiwan, collectively accounting for 94% of sum LNG volumes going by a South China Sea in 2016. Japan is a world’s largest LNG importer, and somewhat some-more than half of all of Japan’s LNG imports in 2016 were shipped by approach of a South China Sea. Similarly, about two-thirds of a LNG alien by South Korea—the world’s second-largest LNG importer—was shipped by a South China Sea that year.

Illustration by U.S. Energy Information Administration formed on Chinese import statistics from Global Trade Tracker.

More than two-thirds of China’s LNG imports and some-more than 90% of Taiwan’s LNG imports upheld by a South China Sea in 2016. Total imports of LNG to China have some-more than doubled over a prior 5 years, from 0.56 Tcf in 2011 to 1.20 Tcf in 2016. However, some-more than half of a expansion in China’s LNG imports were volumes that went to northern ports but transiting a South China Sea. Based on projections in the International Energy Outlook 2017, EIA projects that China will transcend South Korea as a world’s second-largest LNG importer by 2018 and scarcely compare Japan’s turn of LNG imports by 2040.

Source: EIA

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