LNG

Chinese LNG plants cut prices to challenge imports

Seventeen Chinese LNG plants cut their prices last week to make their supplies more competitive against imported cargoes from terminals Seventeen Chinese LNG plants cut their prices last week to make their supplies more competitive against imported cargoes from terminals.
By Tang Tian 5 December 2018 0 33558
Ex-works prices of LNG

The average price for ex-works LNG in China decreased by 3.16% last week from the previous week, to RMB 4,351 per ton ($12.20/MMBtu). Seventeen plants in Jilin, Hebei, Inner Mongolia, Shandong, Henan, Ningxia, Shaanxi and Xinjiang cut their prices by an average of 1.48% week on week to make their LNG more competitive against imported cargoes from terminals.

Transactions on the SHPGX

Date LNG trades (tons) Average price LNG (RMB/t) Pipeline trades (cm) Average price piped (RMB/cm)
26 Nov
27 Nov 303,000,000 2.1425
28 Nov 6,396 5,166 500,000,000 1.8800
29 Nov 3,876 5,131 729,000,000 2.2255
30...