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China LNG news

 
 
 
 

China breaks ground on new LNG project

China’s National Petroleum and Natural Gas Pipeline Network Group has announced that ground has been broken for a new LNG terminal project in Yantai, Shandong Province.

 

Asian LNG spot prices jump 20%

Asian LNG spot prices have recorded a jump of at least 20% in the last week, due to constricted supply amid recovering demand in Asia.

 
 
 

GCL and Shell explore development of JV

According to Reuters, GCL Oil & Natural Gas Co. Ltd and Shell have signed a framework agreement to explore the development of a joint venture based in eastern China to market and trade LNG.