LNG

LNG trading on Chinese exchanges hits record highs

LNG sales hit 188,308 tons on the Shanghai exchange and 65,372 tons on the Chongqing exchange last week LNG sales hit 188,308 tons on the Shanghai exchange and 65,372 tons on the Chongqing exchange last week.
By Tang Tian 3 October 2018 0 32757

Transactions on the SHPGX

Date LNG trades (tons) Average price LNG (RMB/t) Pipeline trades (cm) Average price piped (RMB/cm)
24 Sep
25 Sep 1,282 4,530 187,500,000 2.1800
26 Sep 4,842 4,717 2,000,000 1.8600
27 Sep 30,722 4,744 908,800,000 2.1180
28 Sep 151,463 4,751 623,070,201 2.1382

Transactions on the CQPGX

Date LNG trades (tons) Average price LNG (RMB/t) Pipeline trades (cm) Average price piped (RMB/cm)
24 Sep
25 Sep 79 3,942 77,535,000 1.6200
26 Sep 84,160,000 1.4440
27 Sep 116,293,000 1.4820
28 Sep 65,293 4,019 164,783,400 2.4135

Pipeline trading on the Shanghai Petroleum and Gas Exchange soared to 1.72 billion cubic metres last week, the highest level since the final week of 2016. LNG sales on the exchange set a new record of 188,308 tons. Piped sales on the Chongqing...