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Free AccessChina’s LNG Plants Utilization Rates Fell Last Week
LNG capacity utilization rates at Chinese facilities continued the downtrend last week and rates among 246 LNG plants fell to 52.6% on average for the week ending 7 December, down by 0.93 percentage points on the week, OilChem data showed.
- The plants cumulatively produced 636.85mcm of LNG last week, down by 1.3% year on year.
- The 246 plants had a combined LNG production of 636.85 million cubic meters during the same period, down 1.3% from a week ago, data showed.
- The decline in utilization rates was due to production outages at some LNG in NW and SW China, which suffered production losses due to higher feedgas prices.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.