China Gas Tax Rebate May Nudge Spot LNG Imports up

Reuters reports that tax rebate on natural gas imports is likely to accelerate China’s purchase of liquefied natural gas.

The market news is quoted as saying:

Spot LNG prices in the Pacific have risen over 50 percent since March to more than $15 per million British thermal units (mmBtu), well in excess of the $8.28/mmBtu average price China paid for LNG imports in July.

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