China's liquefied natural gas (LNG) price inched up 0.1% to 4,486.8 yuan/t ($655.9/t) averagely over November 21-30 compared with mid-November, showed data from National Bureau of Statistics (NBS) on December 4.
Relatively relaxed supply-demand condition in gas market has kept the LNG price relatively stable despite slight fluctuations.
In light of disturbing gas shortage in winter of 2017 and early spring of 2018, China adopted more flexible policies on gas supply in the 2018 winter heating season.
Besides, three state-owned energy giants - China National Petroleum Corporation (CNPC), China Petrochemical Corporation (Sinopec) and China National Offshore Oil Corporation (CNOOC) - has striven to increase gas sources, build connected pipeline networks and set up more receiving windows of LNG terminals in a bid to ensure sufficient gas supply during the cold weather.
At the same time, some downstream users headed for other energy substitutes to scale down gas shortage risks.
LNG price is generally maintained stable amid lack of favorable factors to stimulate demand.
Driving by the rebound in domestic LPG demand, the decrease rate has been slowing down despite continuous drop in global oil price. The price of liquefied petroleum gas (LPG) over November 21-30 plunged by 3.1% to 4061.4 yuan/t compared with the previous ten days.
Source:sxcoal
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