# Jump in PetroChina's pipeline gas auction price drives up domestic trucked LNG values

> PetroChina's pipeline gas auction price jumped about 49% for the Dec. 1-7 delivery round, lifting trucked LNG prices in northwest China by 9.7%. The rise came despite sluggish downstream demand.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/32897-jump-in-petrochina-s-pipeline-gas-auction-price-drives-up-domestic-trucked-lng
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher domestic gas costs in China raise LNG prices and may shift gas-on-gas competition. The effect on feed commodity markets is limited.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/lng/120123-jump-in-petrochinas-pipeline-gas-auction-price-drives-up-domestic-trucked-lng-values

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.