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Project Insights

Supply glut prompts price cut at Chinese LNG plants

Thirty-nine liquefaction plants across China cut their asking prices by 2.03% week on week last week as a result of the oversupply Thirty-nine liquefaction plants across China cut their asking prices by 2.03% week on week last week as a result of the oversupply.
By Tang Tian 19 June 2019 Asia Pacific / LNG 0 34316
Chart showing ex-works prices of LNG in China

The price of LNG produced in China last week averaged RMB 3,649 per ton ($10.17/MMBtu), down by 2.01% from the previous week. A supply glut led to 39 plants cutting their asking prices by an average of 2.03% week on week in Hebei, Inner Mongolia, Shanxi, Shandong, Henan, Hubei, Ningxia, Shaanxi, Xinjiang, Sichuan, Yunnan and Chongqing.

Chart showing prices of LNG transported by truck

Pipeline gas transactions on the Shanghai Petroleum and...