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Infographic

China’s average LNG price holds steady despite supply cut

A reduction in supplies at some of China’s LNG plants last week caused only a small increase in the country’s average ex-works price A reduction in supplies at some of China’s LNG plants last week caused only a small increase in the country’s average ex-works price.
By Tang Tian 14 August 2019 Asia Pacific / LNG 0 34477
Ex-works prices of LNG

The average ex-works price of LNG produced in China increased by 0.27% last week from the previous week, to RMB 3,351 per ton ($9.87/MMBtu). Reduced supplies led 24 plants in Inner Mongolia, Shanxi, Shandong, Henan and Shaanxi to increase their list prices by an average of 3.04% week on week.

Pipeline gas transactions on the SHPGX

Date Transacted volume (cm) Average price (RMB/cm)
5 Aug 189,000,000 1.8600
6 Aug 105,124,970 2.2650
7 Aug 0 0.0000
8 Aug 0 0.0000
9 Aug 0 0.0000
Source:SHPGX

LNG transactions on the SHPGX

Date Transacted volume (tons) Average price (RMB/t)
5 Aug 0 0
6...