• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 3 hours Science: Only correct if it fits the popular narrative
  • 3 hours Crazy Stories From Round The World
  • 11 hours What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 16 hours EU has already lost the Trump vs. EU Trade War
  • 9 hours China's Renewables Boom Hits the Wall
  • 1 day ''Err ... but Trump ...?'' *sniff
  • 45 mins Do The World's Energy Policies Make Sense?
  • 10 hours Forget out-of-date 'dirty oil' smear, Alberta moving to be world's cleanest oil industry
  • 1 day Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 3 hours Impeachment Nonsense
  • 1 day Tesla Launches Faster Third Generation Supercharger
  • 15 hours Water, Trump, and Israel’s National Security
  • 2 days Passerby doused with flammable liquid and set on fire by peaceful protesters

Breaking News:

Russia Plans To Boost Crude Oil Exports

Alt Text

Top U.S. Gas Producer Looks To Ditch Major Shale Assets

Shale icon Chesapeake is reportedly…

Alt Text

The Birth Of An LNG Superpower

Iran’s rapprochement with Qatar and…

JLC

JLC

JLC with headquarters located in Beijing, and branch offices in Shanghai, Shandong, Guangzhou and Singapore, is a leading provider of market intelligence and pricing solutions…

More Info

Premium Content

Chinese LNG Imports See Strong Growth This Summer

China imported 4.53 million mt of liquefied natural gas (LNG) in June 2019, up 14.9% year on year and 10,000 mt or 2.3% month on month, data from the General Administration of Customs (GAC) shows.

The imports accounted for 60.2% of China’s total natural gas imports, an increase of 5.8 percentage points year on year and 1.6 percentage points month on month.

China’s imports of natural gas in June were 7.52 million mt, up 3.4% year on year and down 40,000 mt or 0.5% month on month. The country imported 2.99 million mt of gaseous natural gas (GNG) in the month, down 10.3% year on year and 140,000 mt or 4.5% month on month.

The import value of natural gas was $3.10 billion in June, up 7.9% year on year, while that of LNG and GNG were $2.01 billion and $1.09 billion, respectively, up 9.7% and 4.8% year on year.

It is calculated that the natural gas import price averaged $412/mt in June, up $4.1/mt or 1.0% month on month, while that of LNG and GNG averaged $443.7/mt and $363.9/mt, respectively, up $0.9/mt or 0.2% and $5.4/mt or 1.5% month on month. Related: Oil Flat, Seesaws On Demand Fears

China exported 230,000 mt of GNG in June, up 4.5% year on year and 60,000 mt or 35.3% month on month. The export value was $120 million, up 6.0% year on year, data from GAC shows.

It can be calculated that GNG export price averaged $512.6/mt in June, down $18.1/mt or 3.4% month on month.

From January to June, China accumulatively imported 46.92 million mt of natural gas, up 11.6% year on year, including 28.37 million mt of LNG and 18.55 million mt of PNG, up 19.3% and 1.6% year on year, respectively.

The import value was $21.10 billion in the period, up 27.7% year on year, and that of LNG and PNG were $14.32 billion and $6.78 billion, respectively, up 31.5% and 20.3% year on year.

China exported 1.06 million mt of GNG in total in the first six months of this year, flat year on year, with the export value up 8.0% year on year to $500 million.

By JLC International

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play