Chinese LNG supply tight following fire in Xinjiang

China's LNG supply tightened last week after Guanghui Energy suspended production at its energy complex in Hami following a fire on 16 February
By Tang Tian 1 March 2017

Chinese wholesale LNG prices averaged RMB 3,169/t ($8.89/MMBtu) last week, up by 4.8% from the previous week. Supply tightened after Guanghui Energy suspended production at its energy complex in Hami, western Xinjiang, following a fire on 16 February. 

Ten plants in Inner Mongolia, Shaanxi, Shandong, Henan and Shanxi increased asking prices by an average of 4.5%. 

Ex-works prices of LNG in selected areas, (RMB/t)

Province and region 18-24 February
Lowest Highest
Inner Mongolia 2,750 3,150
Tianjin, Hebei 3,100 3,450
Shanxi 3,000 3,150
Henan 3,250 3,530
Shandong 3,200 3,600
Anhui 3,200 3,450
Jiangsu 3,550 3,600
Chongqing...

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