China imported 6.61 million mt of LNG in November, up 31.6% month on month and 1.6% higher year on year on rising domestic demand despite higher prices, according to data released Dec. 26 by the country’s General Administration of Customs. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Lower temperatures stimulated higher consumption from household users and demand from industrial users rose due to more orders in the Christmas season, market sources said. The average price of LNG imported by China in November, comprising both term and spot cargoes, was about $6.28/MMBtu on a delivered basis, up 15.3% from about $5.44/MMBtu a month earlier, according to S&P Global Platts calculations based on customs data. JKM, the benchmark price for spot LNG in northeast Asia, averaged $5.146/MMBtu in Sept. 16-Oct. 15, for November-delivery cargoes on a DES basis, up 20% from a month ago, […]