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Project Insights

CQPGX outsold SHPGX in February for first time

The Chongqing Petroleum and Gas Exchange sold more piped gas than its Shanghai counterpart for the first time last month The Chongqing Petroleum and Gas Exchange sold more piped gas than its Shanghai counterpart for the first time last month.
By Tang Tian 6 March 2019 Asia Pacific / LNG 0 34003

Transactions on the CQPGX

Date LNG trades (tons) Average price LNG (RMB/t) Pipeline trades (cm) Average price piped (RMB/cm)
1 Feb 0 0 0 0.0000
4 Feb 0 0 0 0.0000
5 Feb 0 0 0 0.0000
6 Feb 0 0 0 0.0000
7 Feb 0 0 0 0.0000
8 Feb 0 0 0 0.0000
11 Feb 0 0 0 0.0000
12 Feb 0 0 0 0.0000
13 Feb 0 0 21,895,200 2.9783
14 Feb 0 0 134,229,700 3.0442
15 Feb 0 0 578,600 3.4100
18 Feb 0 0 0 0.0000
19 Feb 0 0 178,000,000 1.1970
20 Feb 0 0 58,000,000 1.4880
21 Feb 0 0 0 0.0000
22 Feb 0 0 1,960,000 3.0470
25 Feb 0 0 7,990,000 3.0470
26 Feb 0 0 526,152,100 1.8723
27 Feb 0 0 376,149,700 2.0504
28 Feb 0 0 2,199,200 3.8100
Source: CQPGX

Piped gas deals on the Chongqing Petroleum and Gas Exchange increased to 1.31 billion cubic metres in February, marking the first month the platform has outsold the Shanghai Petroleum and Gas Exchange (SHPGX). No LNG was sold on the platform for the second consecutive month.

Transactions on...