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Project Insights

Chinese LNG plants cut prices to compete

The average ex-works price of LNG in China fell to $11.3/MMBtu last week as 52 plants cut prices The average ex-works price of LNG in China fell to $11.3/MMBtu last week as 52 plants cut prices.
By Tang Tian 17 April 2019 Asia Pacific / LNG 0 34137
Chart showing Chinese ex-works LNG prices

The ex-works price of LNG produced in China averaged RMB 3,917 per ton ($11.3/MMBtu) last week, down slightly from the previous week. Fifty-two plants in Heilongjiang, Jilin, Hebei, Inner Mongolia, Shanxi, Shandong, Jiangsu, Henan, Hubei, Ningxia, Shaanxi, Guizhou, Sichuan, Xinjiang, Yunnan and Chongqing cut their asking prices by an average of 3% from the previous week to strengthen their competitiveness.

Chart showing shipping rates for Chinese trucked LNG

No pipeline gas or LNG was...