Boost in supply cuts Chinese LNG prices

LNG plants in Shandong and Sichuan are expected to reduce wholesale prices in response to supply increases
By Tang Tian 18 May 2017

Sinopec’s Beihai terminal ranked first for trucked LNG sales in China last week, with daily sales of 150 trucks, followed by Rudong and Putian each on 140 trucks.  

LNG sales from terminals, trucks

Date Dapeng Qingdao Tangshan Rudong Dongguan Zhuhai Tianjin Putian Ningbo Dalian Beihai
8 May 20 135 65 140 75 70 140 120 150
9 May 20 135 65 140 75 70 140 120 150
10 May 20 135 65 140 75 70 140 120 150
11 May 20 135 65 140 75 70 140 120 150
12 May 20 135 65 140 75 70 140 120 150
Source: JLC

China’s domestic LNG output is forecast to average 40.99 million cubic metres per day this week. Output in northwest and southwest China is expected to increase as some plants resume production. 

Output and price forecasts for 15-19 May

  Combined output from plants,...

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