China's LNG prices highest since 2011
Published by Joseph Green,
Editor
LNG Industry,
Reuters are reporting that China’s domestic prices for LNG on 27 November topped US$1061 a t, highest since at least 2011, as demand soared with millions of homes burning gas for the winter instead of coal.
Wholesale LNG prices have gained more than half their value from mid-November, meaning the jump in prices has come less than two weeks into northern China’s heating season.
Two LNG dealers in the northern province of Hebei said the price could possibly be a record high as China’s LNG market is much less developed than other commodities, with significant imports of the fuel appearing only over the last five years.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/27112017/chinas-lng-prices-highest-since-2011/
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