Chinese LNG prices cool as winter gas crunch eases

LNG prices have fallen sharply in northern China amid an easing supply crunch, reduced demand and intensifying government scrutiny of gas suppliers LNG prices have fallen sharply in northern China amid an easing supply crunch, reduced demand and intensifying government scrutiny of gas suppliers.
By Colin Shek and Tang Tian 8 January 2018 0 29000
The Ningxia LNG plant. An LNG plant in China. (Technip)

LNG prices in northern China have fallen from record highs reached two weeks ago following the easing of a gas supply crunch caused by a sharp spike in demand in a tight market.

End-user prices for LNG delivered to Beijing fell to RMB 6,500-7,500 per ton ($19.3-22.3/MMBtu) between 30 December and 5 January from record highs of RMB 11,500-14,000/t over 16-22 December, according to industry consultancy SCI International.

Prices fell from RMB 10,500-11,000/t to RMB 6,000-7,000/t over the same period in neighbouring Tianjin, and from RMB 10,800-11,300/t to...

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