South Korean imports rise in June

South Korea saw its imports skyrocket in June despite having to stomach higher prices.

The second largest LNG market pulled in 2.45 million tonnes of the fuel last month, a 15.5% rise on the 2.12 million tonnes in June 2011, according to customs data.

The country paid an average of $16.67 per million British thermal units, a 24% increase on the $13.44 per million Btu paid a year ago.

For the first six months of the year, South Korea’s LNG imports decreased by 1.6% to 18.4 million tonnes.