Asian LNG prices rise as heating demand grows

Spot LNG prices in Japan, South Korea, China and Taiwan climbed for the fifth consecutive week last week Spot LNG prices in Japan, South Korea, China and Taiwan climbed for the fifth consecutive week last week.
By Tang Tian 31 October 2017 0 28176

Spot LNG prices in Japan, South Korea, China and Taiwan climbed for the fifth consecutive week last week. Prices were up by 7.98% week on week, to average $7.71/MMBtu, as a result of growing heating demand. Prices hit a 10-month high of $7.76/MMBtu on 24 October.

CIF price of LNG in major Asian countries and regions ($/MMBtu)

Date Japan South Korea China Taiwan
16 Oct 6.55 6.94 6.90 6.66
17 Oct 6.99 7.32 7.31 7.05
18 Oct 6.99 7.32 7.31 7.05
19 Oct 6.99 7.32 7.31 7.05
20 Oct 7.35 7.61 7.55 7.40
23 Oct 7.35 7.61 7.55 7.40
24 Oct 7.57 7.98 7.83 7.69
25 Oct 7.57 7.98 7.83 7.69
26 Oct 7.57 7.98 7.83 7.69
27 Oct 7.57 7.98 7.83 7.69
Source: Sublime China Information

Purchasing prices of trucked LNG in Shandong, Shanghai and Jiangsu fell by...

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