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- China's natural gas demand is becoming more feasible with Asian LNG spot prices dropping below the key $9/MMBtu level this week, but a steeper drop may be needed for any substantial demand to emerge amid challenging economic conditions.
May 16, 2024 · For power plants in China, however, LNG prices would need to drop to below $6 per million British thermal units (mmBtu) for consumption to pick up, added Zhang, who spoke to Reuters on...
1 day ago · Although the 3.9 million tons shipped so far this year is only about 6% of China’s total, Chinese buyers have contracted for 14 million tons of US LNG starting from 2026, according to BloombergNEF. If Washington presses ahead with a threatened 60% tariff on Chinese goods, Beijing’s retaliation could include duties on American gas.
Oct 14, 2024 · Chinese LNG prices have remained low due to the country’s large domestic gas production and growing volumes of pipelined gas from Russia, Turkmenistan and Myanmar. China pays about $8 per...
Mar 28, 2023 · LNG prices in filling stations at Inner Mongolia in northwest China dropped to less than Yuan 4.5/kg, or Yuan 4,500/mt, in the week ended March 25, making LNG fueled heavy-duty trucks more economical than diesel trucks, industrial sources said.
Jun 1, 2023 · China's natural gas demand is becoming more feasible with Asian LNG spot prices dropping below the key $9/MMBtu level this week, but a steeper drop may be needed for any substantial demand to emerge amid challenging economic conditions.
Nov 6, 2023 · At a Glance. The IEA estimates that China’s share of active LNG contracts will double from 12% in 2021 to around 25% by 2030. China’s percentage of natural gas sourced from Russia is likely to increase further, with planned increases in pipeline capacity and possible new pipeline construction.
People also ask
Why are Chinese LNG prices so low?
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Will China's natural gas demand rise?
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Will rising LNG prices encourage downstream industries to switch to LNG?
Jun 1, 2023 · After becoming the world’s largest LNG importer in 2021, China’s LNG imports fell by 20% (2.0 Bcf/d) in 2022, mainly because of reduced demand and relatively high LNG spot prices. China’s LNG imports averaged 8.3 Bcf/d in 2022—the least since 2019, according to data from China’s General Administration of Customs.
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related to: Will LNG prices drop in China?Using their trading system, Zack's experts give you their prediction for LNG in free RPT. Free report pulls back the curtain on what's happening with LNG. Grab your free copy.
