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Where does South Korea get its liquefied natural gas (LNG)? Import sources 2024

In 2024, South Korea imported $29.1 billion of liquefied natural gas (LNG) (46.4 million tonnes), 13.3% of the world total. Its main sources were Australia (25%), Qatar (23%) and Oman (12%). South Korea was the world’s 3rd-largest importer of liquefied natural gas (LNG).

Summary

Value
$29.1billion
Tonnes
46.4million tonnes
Share of world total
13.3%
World rank
3rd
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Australia7.2Tonnes: 11,402,131USD per tonne: $62824.6%Sea
Qatar6.6Tonnes: 8,881,238USD per tonne: $74522.8%Sea
Oman3.5Tonnes: 4,725,539USD per tonne: $73411.9%Sea
Malaysia3.4Tonnes: 6,148,135USD per tonne: $54711.6%Sea
United States3Tonnes: 5,503,058USD per tonne: $54910.4%Sea
Indonesia1.5Tonnes: 3,026,895USD per tonne: $5075.3%Sea
Russia1.2Tonnes: 2,115,949USD per tonne: $5874.3%Sea
Nigeria0.58Tonnes: 958,848USD per tonne: $6092%Sea
Peru0.46Tonnes: 1,023,026USD per tonne: $4531.6%Sea
Brunei0.37Tonnes: 570,925USD per tonne: $6451.3%Sea
Papua New Guinea0.35Tonnes: 559,067USD per tonne: $6331.2%Sea
United Arab Emirates0.24Tonnes: 421,661USD per tonne: $5710.83%Sea
China0.16Tonnes: 226,611USD per tonne: $7230.56%Sea
Mozambique0.16Tonnes: 213,676USD per tonne: $7580.56%Sea
Cameroon0.14Tonnes: 252,093USD per tonne: $5370.47%Sea
Equatorial Guinea0.11Tonnes: 200,571USD per tonne: $5640.39%Sea
Egypt0.05Tonnes: 68,086USD per tonne: $7810.18%Sea
Belgium re-exports0.03Tonnes: 58,553USD per tonne: $5480.11%Sea
Trinidad and Tobago0.01Tonnes: 8,603USD per tonne: $6110.02%Sea
Singapore re-exports< 0.01Tonnes: 417USD per tonne: $7830%Sea

Trend

Who it buys from

Australia has been its main source since 2022

Value in USD billions. The five largest sources in 2024.

  • Australia 7.2
  • Qatar 6.6
  • Oman 3.5
  • Malaysia 3.4
  • United States 3

Source: CEPII BACI

Show the numbers
Partner19952024
Australia0.027.2
Qatar06.6
Oman03.5
Malaysia0.193.4
United States< 0.013

Sources and methodology

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Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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