Asian spot LNG prices increased by an average of 2.81% month on month in May, with Taiwan registering the largest growth. China imported 2.91 mt to all 14 operational terminals in May. Long-term contracted volumes made up 74% of the total, while the remainder were spot cargoes from Angola, Russia, Algeria, Australia and Malaysia. The Putian, Yuedong, Dongguan, Zhuhai and Qidong terminals cut prices in July by an average of 6.9% month on month.
CIF price for imported LNG, May
|Total volume, mt||6.24||2.49||2.91||1.39*|
|Highest price, $/MMBtu||12.33...|