LNG

Heatwave pushes up trucked LNG prices in China

The hot weather pushed up gas-for-power demand and caused trucked LNG prices to rise in several provinces The hot weather pushed up gas-for-power demand and caused trucked LNG prices to rise in several provinces.
By Tang Tian 31 July 2018 0 31948
Map infographic showing Chinese LNG output by region

Asian spot LNG prices declined to an average of $9.38/MMBtu last week, down by 2.1% from the previous week. Prices ended the week at an average of $9.27/MMBtu compared with $5.51/MMBtu a year ago.

Chart showing Asian CIF LNG prices

Gas-to-power demand in China remained robust last week because of a heatwave that swept across the country. This pushed up prices for trucked LNG in Shandong, Shanghai, Zhejiang, Hunan and Hebei by average of 4.39% week on week. Prices in Jiangxi, Hubei, Henan,...