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Natural gas prices keeping increase
- Dec 27, 2017 -

Since the beginning of winter this year, there has been a phenomenon of "gas shortage" in northern China and other places. As a result, the price of natural gas in the country skyrocketed. The price of LNG (liquefied natural gas) continued to rise.

After setting a high of $ 1,100 / ton on December 4, LNG prices continued to rise. On December 27, the benchmark LNG price rose to $ 1,800 / tonne.

The "shortage of gas" is partly due to the rapid advance of "coal to gas" beyond expectation. In some areas, there is a shortage of natural gas supply. At present, the areas where prices have risen are mainly concentrated in North China. According to the data reported by the three major oil companies, this year, The total gas deficit exceeds 11.3 billion.