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Infographic

Chinese LNG plants cut prices to boost sales

The average price of wholesale LNG in China fell by more than 2% last week, to $8.61/MMBtu The average price of wholesale LNG in China fell by more than 2% last week, to $8.61/MMBtu
By Tang Tian 25 September 2019 Europe & Russia / LNG 0 34614
Chart showing Chinese ex-works LNG prices by region

The average wholesale price of LNG produced in China fell by 2.04% last week from the previous week, to RMB 3,177 per ton ($8.61/MMBtu). Sixty-three plants in Inner Mongolia, Shanxi, Jiangsu, Shandong, Henan, Gansu, Ningxia, Shaanxi, Xinjiang and Chongqing cut their asking prices by an average of 3.49% week on week to increase their sales.

Chart showing shipping rates for Chinese trucked LNG

Pipeline gas transactions on the Shanghai Petroleum & Gas...