# LNG Prices Climbing As China Scrambles To Secure Supply | OilPrice.com

> China is buying LNG cargoes on the spot market as millions of households switch from coal to gas this winter. Asian spot prices have jumped more than two-thirds since May to about $9 per mmBtu, above oil-linked contract prices.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/68164-lng-prices-climbing-as-china-scrambles-to-secure-supply-oilprice-com
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Chinese spot buying is pulling prices above long-term contract levels and tightening global LNG supply. This supports higher energy and fertilizer costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-05-06 | [U.S. gas prices soar as Europe and Asia scramble for LNG](https://feedsoft.ai/events/12161-u-s-gas-prices-soar-as-europe-and-asia-scramble-for-lng.md) | -12.9% | -2.0% |
| NATGAS | 2017-08-08 | [Natural Gas Prices Poised To Rise As Exports Boom \| OilPrice.com](https://feedsoft.ai/events/69635-natural-gas-prices-poised-to-rise-as-exports-boom-oilprice-com.md) | +6.7% | +6.2% |
| NATGAS | 2017-11-03 | [LNG prices soar as China faces winter gas crunch \| LNG Industry](https://feedsoft.ai/events/10192-lng-prices-soar-as-china-faces-winter-gas-crunch-lng-industry.md) | +13.7% | +8.5% |
| NATGAS | 2021-08-16 | [European Natural Gas Prices Hit Another Record on Russian Supply Concerns -- LNG Recap](https://feedsoft.ai/events/45739-european-natural-gas-prices-hit-another-record-on-russian-supply-concerns-lng.md) | -0.3% | +33.7% |
| NATGAS | 2022-03-01 | [U.S. supplies give China muscle to become major force in global LNG trade](https://feedsoft.ai/events/42887-u-s-supplies-give-china-muscle-to-become-major-force-in-global-lng-trade.md) | +10.2% | +24.4% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/LNG-Prices-Climbing-As-China-Scrambles-To-Secure-Supply.html

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