Chinese wholesale LNG prices up 29.3% in September

Wholesale prices for LNG in China surged to RMB 4,081/t last month, reflecting tighter domestic supply and strong demand Wholesale prices for LNG in China surged to RMB 4,081/t last month, reflecting tighter domestic supply and strong demand
By Tang Tian 11 October 2017 0 27922

Chinese wholesale LNG prices surged by a record 29.3% month on month in September, to RMB 4,081/t ($11.86/MMBtu). Twenty-six plants quoted prices on average 30.6% higher than August, reflecting tighter domestic supply and strong demand.

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

Province and region September  
  Lowest Highest
Inner Mongolia 3,150 3,960
Tianjin 4,000 5,000
Hebei 4,000 5,000
Henan 4,300 5,500
Hubei
Shanxi 2,950 3,260
Shandong
Anhui 4,000 4,500
Jiangsu 4,500 5,200
Chongqing 3,600
Sichuan 3,550 3,800
Yunnan 3,900 4,100
Guizhou 3,900 4,100
Shaanxi 3,750 4,120
Gansu 3,680 3,750
Ningxia 3,580 3,900
Qinghai
Xinjiang 2,800 3,000
Jilin 4,300 4,600
Liaoning 3,100
Heilongjiang 3,600 3,700
Average 4,081
Sublime China Information

Piped gas deals on the Shanghai Petroleum and Gas Exchange declined to 1.45 billion cubic metres in September, down from 3.06 bcm in August but up slightly from 1.35 bcm a year ago....

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up