June 3 (LNGJ) - China's import price index for liquefied natural gas rose in the week to June 3, according to data from the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index is for delivered cargoes, not including tax. The most recent quote for Cost, Insurance and Freight (CIF) delivered cargoes was given as 2,586 yuan ($363) per tonne, or $7.06 per million British thermal units, compared with the previous week’s price of 2,184 yuan ($307) per tonne, or $5.96 per MMBtu.
The index, jointly developed by a monitoring centre under the General Administration of Customs and the SHPGX, was launched on October 16, 2019, and offers CIF cargo price guidance for Chinese importers.
