China LNG prices spiralling again amid tight supply
LNG prices in China have jumped since April in the first sign of emerging tightness in the market since a severe crunch last winter LNG prices in China have jumped since April in the first sign of emerging tightness in the market since a severe crunch last winter.
LNG prices in China are climbing rapidly again as supplies are tightened by limited output from inland liquefaction plants and strong demand from continued coal-to-gas switching.
The spike comes less than six months after prices hit historic highs last winter during one of the country’s worst gas crunches.
Ex-works LNG prices at China’s plants and import terminals were quoted at RMB 4,086 per ton ($12.4/MMBtu) on Monday, up from RMB 3,325/t on 30 April and RMB 3,212/t a year ago, according SCI International.
