South Korea LNG Imports Fall 41% in January on Rising Prices

South Korean liquefied natural gas imports fell 41 percent from a year earlier in January, while the average price paid climbed 31 percent.

The North Asian nation, the world’s second-biggest buyer of LNG, bought 2.89 million metric tons of the power-station fuel last month, compared with 4.93 million tons a year earlier, data on the Korea Customs Service’s website showed today. Imports totaled 4.77 million tons in December.