Chinese ex-works LNG prices jump to record level

The average price for Chinese ex-works LNG jumped by 6% last week, to RMB 8,066/t, as a result of lower output The average price for Chinese ex-works LNG jumped by 6% last week, to RMB 8,066/t, as a result of lower output.
By Tang Tian 20 December 2017 0 28851
Ex-works prices of LNG, 9-15 December

The average price for Chinese ex-works LNG jumped by 6% last week from the previous week, to a record RMB 8,066/t ($23.5/MMBtu), as a result of lower output after PetroChina extended gas supply cuts to LNG producers in Gansu and Ningxia.

Twenty-eight plants in Inner Mongolia, Hebei, Shanxi, Henan, Shandong, Jiangsu, Shaanxi, Ningxia and Xinjiang cut their asking prices by an average of 10%.

Pipeline gas transactions on the SHPGX

Date Transacted volume (cm) Average price (RMB/cm)
11 Dec
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