LNG in China went up by 26% in two weeks

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The increased demand for gas for heating homes in China against the backdrop of cold weather has led to an increase in the price of liquefied natural gas in the country over the past 2 weeks. The air temperature in Beijing from December 4 to December 14 has dropped below the average level for this time of year in the last 30 years. According to weather forecasters, a further cooling in the country is expected in late December and early January. The data of the Shanghai Stock Exchange showed that the selling price of LNG rose by 26% and reached 5,247 yuan per ton. This is the maximum value since February 14 of this year. The supply-demand ratio in the Chinese market affects freely varying LNG prices.

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