There are two main trading forms of LNG: futures and spot. Futures include long-term contracts, medium-term contracts and short-term contracts. In order to lock in profits and reduce risks, LNG project developers usually give priority to signing long-term contracts, followed by short-term contracts, and finally sell the rest on the spot.
1, international party
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Compared with the same period of last year, the price of international LNG has also risen sharply this year, due to the increase in international crude oil prices and the increase in demand for LNG in Asia.
2. Domestic aspects
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From the perspective of domestic suppliers, PetroChina's 23 underground gas storages began to supply gas in an all-round way in April, and the gas volume of export pipelines was relatively reduced. Sinopec Tianjin LNG receiving station recently started inspection for about half a month, and the LNG supply in North China decreased accordingly. In addition, at the end of June, some LNG plants were intensively inspected, and some gas LNG plants were shut down for rectification due to environmental problems. Under the condition that the downstream demand is not reduced, the upstream gas restriction and the shutdown of LNG plants have aggravated the supply shortage in LNG market.