S. Korea Becomes the Largest Importer of U.S. LNG
South Korea has emerged as a major importer of U.S. energy resources amid the Donald Trump administration’s strong push for resource exports such as LNG. According to the U.S. Energy Information Administration, the U.S. exported 110.4 billion cubic feet of LNG to South Korea in the first half of this year, equivalent to 22.5% of the nation’s total LNG imports. In that period, South Korea became the largest importer of U.S. LNG by beating Mexico, which imported 105.5 billion cubic feet. Mexico was followed by China (61.9 billion cubic feet), Japan (44.2 billion cubic feet), and India (31.5 billion cubic feet). Last year, South Korea’s LNG imports from the U.S. totaled 130.2 billion cubic feet. In 2016, the amount had been merely 10.2 billion cubic feet. This year’s imports are estimated to exceed 200 billion cubic feet given that the highest demand for natural gas is generated in winter.

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