LNG

Chinese ex-works LNG prices up by 13%

Prices jumped by 13.2% last week amid reduced gas supplies as PetroChina started storage injections Prices jumped by 13.2% last week amid reduced gas supplies as PetroChina started storage injections
By Tang Tian 16 May 2018 0 30871

Ex-works LNG prices at Chinese liquefaction plants jumped by 13.2% last week from the previous week, to RMB 3,799/t ($11.6/MMBtu) amid reduced gas supplies as PetroChina started gas injections at underground storage facilities. Forty-three plants hiked their prices by an average of 7.08% from the previous week.

Chart showing ex-works prices for Chinese LNG by region

LNG shipping rates via diesel- and LNG-fuelled trucks were RMB 0.65-1.00/km/t for distances within 1,000 km. Rates were RMB 0.60-0.90/km/t for distances over 1,000 km.