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1. financialpost.com › pmn › business-pmnChina Turns to LNG Spot Market With Prices at Three-Year Low

   financialpost.com › pmn › business-pmn

   Feb 22, 2024 · January imports jumped nearly 30% year-over-year, but were still about 8% lower than the same month in 2021, according to ship-tracking data compiled by Bloomberg. Meanwhile, China’s domestic trucked LNG prices are down about 16% so far this year, indicating weak domestic gas consumption. Other market news: Eesti Gaas is seeking to purchase ...

2. www.reuters.com › business › energyExplainer: What's behind the wild surges in global LNG prices ...

   www.reuters.com › business › energy

   Oct 1, 2021 · Summary. Companies. Asian LNG prices surge from below $2/mmBtu to above $34/mmBtu. European gas storage at low levels, fuelling restocking efforts. Maintenance at LNG plants prolonged and delayed ...

3. oilprice.com › Latest-Energy-News › World-NewsThree-Year Low in LNG Price Prompts Asia Buying Spree

   oilprice.com › Latest-Energy-News › World-News

   • Cached

   Mar 21, 2024 · A year ago, the average price was a whopping $18.75 per mmBtu. "We've seen some buy tenders coming in more frequently given lower Asian LNG prices, especially from price-sensitive buyers like ...

4. www.swissinfo.ch › eng › china-turns-to-lng-spotChina Turns to LNG Spot Market With Prices at Three-Year Low

   www.swissinfo.ch › eng › china-turns-to-lng-spot

   Mar 4, 2024 · (Bloomberg) — Chinese liquefied natural gas importers are hunting for cheap shipments from the spot market after prices fell to the lowest level since 2021. LNG buyers, including Shenzhen Energy ...

5. www.spglobal.com › commodityinsights › enChina gas demand becomes more feasible at low LNG prices but ...

   www.spglobal.com › commodityinsights › en

   • Cached

   Jun 1, 2023 · The LNG procurement price in many ceramics production areas in Guangdong dropped to around Yuan 3.2-3.3/cu m recently, the lowest in two years, CI noted, adding that the average LNG price was above Yuan 5/cu m in 2022 when many firms were forced to shut production lines.

6. www.spglobal.com › commodityinsights › enChinese domestic LNG price spikes again: How is it different ...

   www.spglobal.com › commodityinsights › en

   • Cached

   Mar 1, 2021 · During December 2020 and January 2021, Chinese domestic wholesale LNG prices shot up to levels unseen since the winter of 2017/18, then owing to an aggressive coal-to-gas switching campaign that set off a nationwide gas shortage. Just a few months ago, this would've been hard to imagine given the below $2/MMBtu spot LNG prices and the domestic ...

7. People also ask

   How much does LNG cost in Guangdong?

   • The LNG procurement price in many ceramics production areas in Guangdong dropped to around Yuan 3.2-3.3/cu m recently, the lowest in two years, CI noted, adding that the average LNG price was above Yuan 5/cu m in 2022 when many firms were forced to shut production lines.

   China gas demand becomes more feasible at low LNG prices but challe…

   www.spglobal.com/commodityinsights/en/market-insights/latest-news/lng/060123-china-gas-demand-becomes-more-feasible-at-low-lng-prices-but-challenges-persist

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   Will rising LNG prices encourage downstream industries to switch to LNG?

   • "Rising prices of domestic pipeline gas in China could provide some incentive for downstream industries to switch to LNG," a Chinese importer said, adding that the current LNG prices were quite competitive and second-tier buyers could be more likely to come out to buy spot cargoes.

   China gas demand becomes more feasible at low LNG prices but challe…

   www.spglobal.com/commodityinsights/en/market-insights/latest-news/lng/060123-china-gas-demand-becomes-more-feasible-at-low-lng-prices-but-challenges-persist

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   Why are LNG prices so high?

   • Countries around the world are rushing to secure the power-plant and heating fuel from major exporters like Qatar and the US, causing prices to climb. The global LNG market is all but maxed out in terms of supply and there is little new production coming online before 2026.

   China signs one of its biggest ever LNG deal with Qatar at $60 billion

   www.business-standard.com/article/international/china-signs-one-of-its-biggest-ever-lng-deal-with-qatar-at-60-billion-122112100645_1.html

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   Does spot LNG make money in China?

   • However, so far this year, spot LNG has not made money in China's domestic market," said Jenny Yang, senior director at S&P Global. Yang, who leads market analysis on Greater China natural gases, said trucked LNG prices, which are typically higher than the regulated piped gas supply, have been declining too.

   China gas demand becomes more feasible at low LNG prices but challe…

   www.spglobal.com/commodityinsights/en/market-insights/latest-news/lng/060123-china-gas-demand-becomes-more-feasible-at-low-lng-prices-but-challenges-persist

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   What happened to Asia spot LNG prices?

   • Asia spot LNG prices dropped to a record low of below $2 per million British thermal units (mmBtu) in May last year when coronavirus-induced lockdowns depressed gas demand. Earlier this month, they rocketed to a record high above $56 per mmBtu. Prices have pulled back to around $30 per mmBtu since, but remain nearly 500% up from last year.

   India's top gas importer sees LNG price surge spurring long-term

   www.reuters.com/business/energy/indias-top-gas-importer-sees-lng-price-surge-spurring-long-term-contracts-2021-10-22/

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   How much does LNG cost?

   • The average LNG price for January delivery into Northeast Asia rose to $35.80 per metric million British thermal units (mmBtu), up $1.20 from the previous week, industry sources said. Prices for cargoes delivered in February are estimated to be about $34.80 per mmBtu, they added.

   Asian LNG prices rise helped by South Korean winter demand

   www.reuters.com/markets/europe/asian-lng-prices-rise-helped-by-south-korean-winter-demand-2021-12-10/

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8. www.reuters.com › article › businessAsian spot LNG prices hit 20-month low, incentivises Chinese ...

   www.reuters.com › article › business

   Mar 10, 2023 · Asian spot liquefied natural gas (LNG) this week hit its lowest level since July 2021 on muted demand, but such low levels have incentivised the return of some Chinese players to the market, which ...