Demand lifts LNG prices by 6.4%

 

Via www.shine.cn

The price of LNG was around 7,409.80 yuan (US$1,127) per ton nationwide from December 11 to 20, up 6.4 percent from the first 10 days of this month, according to the bureau.

Demand nationwide, especially in north China, has surged in winter boosted by policies to promote the shift from burning coal to using gas for heating, “which has been faster than expected,” said Zhang Yuqing, former deputy director of the National Energy Administration.

Natural gas consumption in Jiangsu, Hebei, Shandong, Henan and Sichuan provinces, which have encouraged the switch from coal to gas, has grown more than 20 percent year on year in 2017, reported Shanghai Securities News.

 

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