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Markets & Forecasts

Price of Chinese domestic LNG falls by nearly 3%

Fifty-six of China’s LNG plants cut their asking prices last week, pushing the average price of domestically produced volumes down to $8.65/MMBtu Fifty-six of China’s LNG plants cut their asking prices last week, pushing the average price of domestically produced volumes down to $8.65/MMBtu
By Tang Tian 28 August 2019 Asia Pacific / LNG 0 34518
Chart showing Chinese ex-works LNG prices by region

The average price of LNG produced in China fell by 2.9% last week from the previous week, to RMB 3,204 per ton ($8.65/MMBtu). Some 56 plants in Inner Mongolia, Shanxi, Jiangsu, Henan, Gansu, Ningxia, Shaanxi, Xinjiang, Guizhou, Sichuan and Chongqing cut their listed prices by an average of 1.73%.

Chart showing shipping rates for Chinese trucked LNG

Pipeline gas sales on the Shanghai and Chongqing petroleum and gas exchanges reached 780 million...