LNG

SHPGX trading falls at start of January

Pipeline gas trading on the Shanghai Petroleum and Gas Exchange fell over 2-5 January to its lowest level since the last week of January 2017 Pipeline gas trading on the Shanghai Petroleum and Gas Exchange fell over 2-5 January to its lowest level since the last week of January 2017.
By Tang Tian 10 January 2018 0 29025
Ex-works prices of LNG, 30 December-5 January

The price of LNG from Chinese liquefaction plants averaged RMB 6,071/t ($18.05/MMBtu) between 30 December and 5 January, down by RMB 842/t, or 12.2%, from the previous week. Fourteen plants in Inner Mongolia, Hebei, Shanxi, Chongqing, Sichuan, Guizhou, Ningxia, Xinjiang, Jilin and Heilongjiang cut their asking prices by an average of 19.8% from the previous week.

Pipeline gas transactions on the SHPGX

Date Transacted volume, cm Average price, RMB/cm
2 Jan
3 Jan
4 Jan 3,150,000 2.31
5 Jan 2,030,000 2.23
Source: SHPGX...