LNG

Chinese spot LNG clears $9/MMBtu ahead of winter

Spot LNG prices in Asia rose last week as Chinese buyers scrambled for cargoes to avoid a potential winter supply crunch Spot LNG prices in Asia rose last week as Chinese buyers scrambled for cargoes to avoid a potential winter supply crunch.
By Tang Tian 14 November 2017 0 28367

Spot LNG prices in Japan, South Korea, China and Taiwan averaged $8.83/MMBtu last week as Chinese buyers scrambled for cargoes to avoid a potential winter supply crunch. South Korean and Chinese prices breached $9/MMBtu for the first time since mid-January.

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

Date Japan South Korea China Taiwan
1 Nov 7.76 8.18 8.01 7.91
2 Nov 8.07 8.57 8.42 8.28
3 Nov 8.07 8.57 8.42 8.28
6 Nov 8.29 8.84 8.75 8.58
7 Nov 8.47 8.93 8.86 8.70
8 Nov 8.66 9.06 9.00 8.79
9 Nov 8.66 9.06 9.00 8.79
10 Nov 8.87 9.25 9.11 8.96
Source: SCI International. CIF prices for spot transactions of LNG, for delivery into Japan, South Korea, China and Taiwan 15-30 days after transaction date....