LNG

LNG prices increase as China prepares for winter

Strong buying for the winter heating season pushed up LNG prices by 8.13% last month Strong buying for the winter heating season pushed up LNG prices by 8.13% last month
By Tang Tian 9 October 2018 0 32831
Chart showing average CIF price of spot LNG in Asia

Average CIF prices for spot LNG in Japan South Korea, China and Taiwan increased by 8.13% in September compared with August because of strong buying for the winter heating season. 

Chart showing Asian LNG imports in August

Stock-building in preparation for China’s heating season started in mid-November, prompting the Putian, Yuedong, Zhuhai, Tangshan, Qidong, Beihai, Dalian, Qingdao and two Tianjin terminals to raise their ex-works price for trucked LNG by...