LNG

Oversupply causes fall in Chinese ex-works LNG prices

Forty-six Chinese LNG plants cut their prices by an average of 4.33% last week as a result of a supply glut Forty-six Chinese LNG plants cut their prices by an average of 4.33% last week as a result of a supply glut.
By Tang Tian 13 June 2018 0 31275

Ex-works LNG prices at Chinese liquefaction plants continued to decline last week, dropping by 4.52% to hit RMB 3,587 per ton ($10.81/MMBtu). Forty-six plants in Inner Mongolia, Shanxi, Shandong, Henan, Chongqing, Gansu, Ningxia, Xinjiang and Shaanxi cut their asking prices by an average of 4.33% week on week as a result of a supply glut.

Chart showing ex-works prices for Chinese LNG by region

The cost of shipping LNG via diesel- or LNG-fuelled trucks ranged from RMB 0.65-1.00/km/t for distances within 1,000 km....