Drop in pipeline gas and LNG trade on SHPGX

Pipeline gas transactions on the Shanghai Petroleum and Gas Exchange fell by 78 MMcm last week while LNG trades dropped by more than 6,500 tons
By Tang Tian 13 September 2017

Wholesale prices for Chinese ex-works LNG averaged RMB 3,138/t ($9.31/MMBtu) last week, nearly unchanged from the previous week. Twenty-six plants in Inner Mongolia, Hebei, Shanxi, Henan, Shaanxi and Ningxia cut their asking prices by 3.04% week on week to make their output more competitive against LNG from terminals.

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

Province and region 2-8 September
Lowest Highest
Inner Mongolia 2,700 2,950
Tianjin 3,000 3,270
Hebei 3,000 3,270
Shanxi 2,950 3,200
Henan 3,220 3,500
Shandong 3,550
Anhui 3,250 3,350
Jiangsu 3,200 3,550
Chongqing 3,050 3,200
Sichuan 3,050 3,200
Yunnan 3,200 3,250
Guizhou 3,200 3,250

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