14 May 2013 07:57 [Source: ICIS news]
SINGAPORE (ICIS)--China’s domestic supply of liquefied natural gas (LNG) has declined since early May as all gas liquefaction plants based at Baotou in Inner Mongolia autonomous region were shut by mid-May, LNG traders said on Tuesday.
There are four LNG plants in Baotou, with a combined liquefaction capacity of 1m cbm/day, according to data compiled by ICIS C1 Energy.
All the four plants were shut because of power outages or technical issues, plant sources said.
Some plants were shut due to power outages as the city’s power grid has been under maintenance, and some newly-built plants were shut because of technical issues, a source from Shiyi New Energy said.
Therefore, a few domestic LNG suppliers have increased their ex-works (EXW) offers by about yuan (CNY) 100/tonne ($16.50/tonne) in view of falling supplies, the traders said.
LNG output from the four Baotou-based plants is mainly distributed in Inner Mongolia and northeast China.
($1 = CNY6.15)
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