Chinese LNG prices to rise as flooding tightens supply

LNG prices in northwest and northeast China, Hebei, Tianjin and Shandong are expected to rise by 1.4% week on week because of tight supply from northern Shaanxi following floods in the area LNG prices in northwest and northeast China, Hebei, Tianjin and Shandong are expected to rise by 1.4% week on week because of tight supply from northern Shaanxi following floods in the area.
By Tang Tian 3 August 2017 0 27038

China’s Ningbo LNG terminal maintained daily sales of 170 trucks last week, while Tianjin and Qidong hiked sales to 230 and 100 trucks respectively because of strong gas-fired power demand.

LNG sales from terminals, trucks

Date Dapeng Putian Ningbo Rudong Dongguan Zhuhai Tianjin Qingdao Tangshan Dalian Beihai Yuedong Qidong
24 Jul 10 130 170 85 120 120 230 135 65 21 170 40 100
25 Jul 10 130 170 85 120 120 230 135 65 21 170 40 100
26 Jul 10 130 170 85 120 120 230 135 65 21 170 40 100
27 Jul 10 130 170 85 120 120 230 135 65 21 170 40 100
28 Jul 10 130 170 85 120 120 230 135 65 21 170 40 100
Sources: JLC, SCI

China’s domestic LNG output is forecast to average 39.07 million cubic metres per day this week. Prices in northwest and northeast China, Hebei, Tianjin and Shandong are expected to rise by 1.4% week on week because of tight supply...

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