CBM-to-LNG plant shutdown cuts Chinese supply

Suspension of operations at the liquefaction plant in Shanxi last week reduced Chinese LNG output Suspension of operations at the liquefaction plant in Shanxi last week reduced Chinese LNG output.
By Tang Tian 17 May 2017 0 25935

Chinese wholesale LNG prices fell by 2.32% last week from a week earlier, to RMB 3,072/t ($8.58/MMBtu). Total output dipped after a CBM-to-LNG production facility in Shanxi suspended operations. This prompted some buyers in Beijing, Tianjin and Hebei to buy from plants in Inner Mongolia, Shaanxi, Ningxia, Henan and Hebei. Eleven plants in these areas raised their prices by an average of 1.54%. Thirteen plants in Jilin, Inner Mongolia, Hebei, Shanxi, Shandong, Jiangsu, Shaanxi, Gansu and Xinjiang cut their prices by 3.77% because of weak...

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