LNG

Chinese ex-works LNG prices drop by 13.4%

Prices for ex-works LNG from Chinese liquefaction plants averaged $11.4/MMBtu last week as a result of softer demand Prices for ex-works LNG from Chinese liquefaction plants averaged $11.4/MMBtu last week as a result of softer demand.
By Tang Tian 14 March 2018 0 29989

Prices for ex-works LNG from Chinese liquefaction plants averaged RMB 3,731/t ($11.4/MMBtu) last week, down by 13.4% compared with the previous week.

Graph showing Chinese ex-works LNG prices

Softer demand prompted 44 plants to cut their prices by an average of 13.6% week on week in Inner Mongolia, Heilongjiang, Jilin, Xinjiang, Ningxia, Gansu, Shaanxi, Guizhou, Sichuan, Chongqing, Jiangsu, Shandong, Henan, Shanxi and Hebei.

Rates for LNG delivered by LNG- and diesel-fuelled truck ranged from RMB 0.75-1.28/km for within 1,000 km to RMB 0.65-1.20/km for...