LNG

China LNG prices spiralling again amid tight supply

LNG prices in China have jumped since April in the first sign of emerging tightness in the market since a severe crunch last winter LNG prices in China have jumped since April in the first sign of emerging tightness in the market since a severe crunch last winter.
By Tang Tian 21 May 2018 0 30925
China's Ningbo LNg terminal The Ningbo LNG terminal in China. (CNOOC)

LNG prices in China are climbing rapidly again as supplies are tightened by limited output from inland liquefaction plants and strong demand from continued coal-to-gas switching.

The spike comes less than six months after prices hit historic highs last winter during one of the country’s worst gas crunches.

 Ex-works LNG prices at China’s plants and import terminals were quoted at RMB 4,086 per ton ($12.4/MMBtu) on Monday, up from RMB 3,325/t on 30 April and RMB 3,212/t a year ago, according SCI International.

End-user prices...