Asian LNG demand fell last year, EIA says

The three biggest customers for LNG saw annual consumption drop for the first time since 2009, according to the US Energy Information Administration (EIA).

The EIA said total LNG imports by Japan, South Korea, and China were 5% lower last year, declining 1 billion cubic feet per day compared to 2014, to an average 18.5 billion cubic feet per day.

The decline was blamed on reduced demand for electricity generation and the lower cost of rival fuels such as coal and fuel oil.

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