China moves to keep lid on spiralling LNG prices

Unprecedented gas demand less than three weeks into the winter heating season has forced China to take steps to keep domestic LNG prices under control Unprecedented gas demand less than three weeks into the winter heating season has forced China to take steps to keep domestic LNG prices under control.
By Tang Tian 4 December 2017 0 28644
LNG tanker trucks parked in China LNG tanker trucks in China. (Chart Industries)

China’s state planner is trying to limit a rise in LNG prices, which have spiralled in recent weeks as unprecedented gas demand and a feedstock squeeze set off a scramble for supplies.

The National Development and Reform Commission (NDRC) ordered pricing officials in 11 regions to meet LNG market participants by Monday and warn them away from making big price hikes, according to a document issued last Friday and seen by Interfax Natural Gas Daily.

The regions include the major LNG-producing provinces of Shaanxi, Inner Mongolia and...

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