LNG

Trading falls on SHPGX, but CQPGX activity rises

Pipeline gas and LNG trading declined on the Shanghai exchange last week but was up on the Chongqing exchange Pipeline gas and LNG trading declined on the Shanghai exchange last week but was up on the Chongqing exchange.
By Staff reporter 24 October 2018 0 33022

Transactions on the SHPGX

Date LNG trades (tons) Average price LNG (RMB/t) Pipeline trades (cm) Average price piped (RMB/cm)
15 Oct
16 Oct 280 4,750 252,000,000 2.0800
17 Oct 1,480 4,750 103,700,000 2.6700
18 Oct 9,740 4,745
19 Oct 40,673 4,832 4,980,000 1.2146

Pipeline trades on the Shanghai Petroleum and Gas Exchange fell sharply last week, to 360 million cubic metres (MMcm), while LNG sales declined to 52,173 tons. Piped sales on the Chongqing Petroleum and Gas Exchange more than quadrupled, to 233 MMcm, while LNG sales more than doubled, to 694 tons. 

Transactions on the CQPGX

Date LNG trades (tons) Average price LNG (RMB/t) Pipeline trades (cm) Average price...