LNG

Tighter market pushes up Chinese LNG prices

Ex-works LNG prices at Chinese liquefaction plants were up by 3.39% last week from the previous week Ex-works LNG prices at Chinese liquefaction plants were up by 3.39% last week from the previous week.
By Tang Tian 9 May 2018 0 30769
Chart showing ex-works prices for Chinese LNG by region

Ex-works LNG prices at Chinese liquefaction plants were up by 3.39% last week from the previous week, reaching RMB 3,357/t ($10.18/MMBtu). The increase took place amid a tighter market after PetroChina curbed feedstock gas supplies to plants in Shaanxi, Gansu, Shandong, Hubei and Guizhou. Forty-two plants in Sichuan, Hebei, Inner Mongolia, Shanxi, Jiangsu, Henan, Hubei, Guizhou, Gansu, Ningxia, Shaanxi and Xinjiang hiked their prices by an average of 5.38% week on week.