LNG

SHPGX pipeline sales back down after recent high

A total of 2.06 bcm of pipeline gas was sold on the Shanghai Petroleum and Gas Exchange in June, down from May’s 2018 high of 2.27 bcm A total of 2.06 bcm of pipeline gas was sold on the Shanghai Petroleum and Gas Exchange in June, down from May’s 2018 high of 2.27 bcm.
By Tang Tian 11 July 2018 0 31684
Chart showing Chinese ex works LNG prices

The average ex-plant price for Chinese LNG fell by 1.34% in June compared with May, to RMB 3,672 per ton ($10.71/MMBtu). Thirty-six plants in Inner Mongolia, Ningxia, Gansu, Shaanxi, Sichuan, Henan, Shanxi and Hebei cut their asking prices by an average of 4.43%.

Transactions on the SHPGX

Date LNG trades (tons) Average price LNG (RMB/t) Pipeline trades (cm) Average price piped (RMB/cm)
1 Jun 42,000,000 1.9000
4 Jun 9,700 4,060 103,000,000 1.8933
5 Jun 680 4,070 4,200,000 1.8100
6 Jun 760 4,070 22,188,950 2.0553
7 Jun 5,660 4,017
8 Jun 1,100 4,070 54,035,909 2.2487
11 Jun 520 4,050 108,400,000 1.8300
12 Jun 1,220 4,020 77,000,000 1.9466
13 Jun 2,520 4,020 284,252,184 2.0795
14 Jun 2,520 4,020 16,745,214 1.9540
15 Jun
19 Jun 560 4,050 199,538,950 2.0713
20 Jun 560 4,050 34,277,511 1.8942
21 Jun 2,700 3,991 15,501,934 1.9675
22 Jun 4,230 4,039 4,200,000 1.8600
25 Jun 2,560 4,050 54,900,000 2.0700
26 Jun 600 4,050 399,257,703 1.8435
27 Jun 15,580 4,050 115,269,548 1.8375
28 Jun 43,680 3,994 251,722,890 1.9925
29 Jun 1,000 4,150 280,000,000 2.1450

Pipeline gas transactions on the...