LNG

Boost for piped gas trading on SHPGX as LNG slumps

The SHPGX saw a large increase in piped gas trading last week as the volume of LNG traded fell sharply The SHPGX saw a large increase in piped gas trading last week as the volume of LNG traded fell sharply.
By Tang Tian 31 October 2018 0 33116

Transactions on the SHPGX

Date LNG trades (tons) Average price LNG (RMB/t) Pipeline trades (cm) Average price piped (RMB/cm)
22 Oct 3,840 4,745 23,000,000 1.8800
23 Oct 5,756 4,833 69,915,000 1.4240
24 Oct 2,040 4,745 137,300,000 2.1366
25 Oct 4,260 4,745 325,000,000 2.0500
26 Oct 6,920 4,746 45,000,000 1.8800

Pipeline gas trading on the Shanghai Petroleum and Gas Exchange climbed to 600 million cubic metres (MMcm) last week, up from 360 MMcm the week before. In contrast, LNG sales declined to 22,816 tons compared with 52,173 tons. Meanwhile, pipeline sales on the Chongqing Petroleum and Gas Exchange slumped to 76 MMcm from 233 MMcm the week before, while LNG sales declined...