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.
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.
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.
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.
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