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Project Insights

Gas field maintenance disrupts Chinese LNG plant supplies

PetroChina’s Tarim Oilfield and Changqing Oilfield subsidiaries began maintenance at their gas fields last week PetroChina’s Tarim Oilfield and Changqing Oilfield subsidiaries began maintenance at their gas fields last week.
By Tang Tian 29 May 2019 Asia Pacific / LNG 0 34255
Ex-works prices of LNG

The average ex-works price of LNG produced in China was nearly unchanged last week from the previous week, at RMB 3,770 per ton ($10.6/MMBtu). PetroChina’s Tarim Oilfield and Changqing Oilfield subsidiaries have started maintenance at gas fields, which disrupted supplies to LNG plants. In response, 47 facilities in Heilongjiang, Inner Mongolia, Shanxi, Shandong, Henan, Hubei, Ningxia, Shaanxi, Xinjiang, Sichuan and Yunnan hiked their prices by an average of 3.3% week on week.

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