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Markets & Forecasts

SHPGX smashes pipeline gas sales record in July

The Shanghai Petroleum & Gas Exchange sold 11.6 bcm of piped volumes last month, more than three times the total of the previous monthly record The Shanghai Petroleum & Gas Exchange sold 11.6 bcm of piped volumes last month, more than three times the total of the previous monthly record
By Tang Tian 7 August 2019 Asia Pacific / LNG 0 34462

Pipelines gas sales on the Shanghai Petroleum & Gas Exchange amounted to 11.6 billion cubic metres in July, shattering the previous monthly record of 3.5 bcm in October 2018. Buyers purchased 9.95 bcm in 58 separate transactions on 25 July alone, with the two largest sales that day reaching a combined 2.37 bcm. On the Chongqing Petroleum & Gas Exchange, pipeline and LNG sales reached 2.06 bcm and 40 tons respectively.

Transactions on the SHPGX

Date LNG trades (tons) Average price LNG (RMB/t) Pipeline trades (cm) Average price...