×
×
Project Insights

Chinese LNG plants cut prices in record numbers

Fifty-four Chinese liquefaction plants reduced their prices in June in response to falling prices at the country’s terminals Fifty-four Chinese liquefaction plants reduced their prices in June in response to falling prices at the country’s terminals.
By Tang Tian 2 July 2019 Asia Pacific / LNG 0 34359
Average ex-works price of LNG from Chinese terminals and plants

The average price of LNG produced in China declined by 6.24% month on month in June, to RMB 3,483 per ton ($9.82/MMBtu). Price cuts at LNG terminals prompted a record 54 plants in Inner Mongolia, Jilin, Xinjiang, Ningxia, Gansu, Shaanxi, Yunnan, Guizhou, Sichuan, Chongqing, Jiangsu, Shandong, Hubei, Henan and Shanxi to cut their asking prices by an average of 6.24%.

Ex-works prices of LNG

Pipeline gas trading on the Shanghai...