China paid an average $9.84 per million Btu for LNG in May

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Latest Oil and Gas News: 
June 25, 2012
Compiled By: 
Larry Persily

(Platts; June 22) - China imported 55 billion cubic feet of natural gas as LNG in May, up 17.7 percent from the same month last year and up 7.8 percent from April, data from the General Administration of Customs showed June 22.

Australia was China's top LNG supplier in May, delivering almost 16 bcf, down a marginal 0.27 percent from a year ago. Australia also supplied China with its cheapest LNG at $3.33 per million Btu. China paid an average $9.84 per million Btu for its May shipments, up 15.4 percent from the same month a year earlier and down 3.05 percent from April.

The most expensive imports were from Qatar at $19.23. Qatar was also China's second-largest LNG supplier, sending almost as much as Australia.

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