Singapore (Platts)--22Nov2012/1049 pm EST/349 GMT
China imported 1.32 million mt of LNG in October, up 54.9% from the same month last year, data released late Thursday by the General Administration of Customs showed. The October LNG import volume was down 4.2% from September. Nevertheless, this still brings China's total LNG imports to 11.78 million mt this year, an increase of 25.2% from the 9.41 million mt China imported over the same 10-month period last year. Australia was China's top LNG supplier in October exporting 388,662 mt, up 19.2% year on year and 49.7% month on month. Qatar supplied China's most expensive LNG in October, delivering 322,810 mt at an average price of $920.16/mt ($17.70/MMBtu). The price was a 0.4% decrease in price year on year and 6.2% less than the average price of $981.24/mt China paid in September.Article continues below...Request a free trial of: Oilgram NewsOilgram News brings fast-breaking global petroleum and gas news to your desktop every day. Our extensive global network of correspondents report on supply and demand trends, corporate news, government actions, exploration, technology, and much more.
China imported 1.32 million mt of LNG in October, up 54.9% from the same month last year, data released late Thursday by the General Administration of Customs showed. The October LNG import volume was down 4.2% from September. Nevertheless, this still brings China's total LNG imports to 11.78 million mt this year, an increase of 25.2% from the 9.41 million mt China imported over the same 10-month period last year. Australia was China's top LNG supplier in October exporting 388,662 mt, up 19.2% year on year and 49.7% month on month. Qatar supplied China's most expensive LNG in October, delivering 322,810 mt at an average price of $920.16/mt ($17.70/MMBtu). The price was a 0.4% decrease in price year on year and 6.2% less than the average price of $981.24/mt China paid in September.
Article continues below...
Oilgram News brings fast-breaking global petroleum and gas news to your desktop every day. Our extensive global network of correspondents report on supply and demand trends, corporate news, government actions, exploration, technology, and much more.
China paid an average $459.01/mt ($8.83/MMBtu) for its October shipments, up 10.8% from the same month a year earlier, but 30.3% less from September. In October China imported 1.44 million mt equivalent (2.26 Bcf/day) of pipeline gas from Central Asia, an increase of 41.2% year on year. Turkmenistan imports rose 35% year on year to 1.38 million mt while Uzbekistan volumes during the month totaled 57,387 mt. China started importing gas from Uzbekistan in August. This brings China's total natural gas imports to 2.76 million mt, an increase of 47.4% year on year. Discounting total gas exports of 182,808 mt and adding domestic production of 8.67 billion cubic meters, China's total apparent natural gas demand in October was 12.23 Bcm, up 19.7% year on year. Over January to October, China's total gas imports were 24.43 million mt, up 37.5% year on year. Discounting gas exports of 2.43 Bcm and adding total domestic output of 86.67 Bcm, apparent demand over the period was 117.95 Bcm, up 14% year on year. --Max Gostelow, max_gostelow@platts.com --Song Yen Ling, yen_ling_song@platts.com --Edited by Martin O'Rourke, martin_orourke@platts.com
Tweet
@PlattsOil on Twitter