BAKU, Azerbaijan, January 26. Nationwide LNG
ex-factory prices in China declined by more than 10% year-on-year
in 2025, averaging CNY 4,300 ($614.9) per tonne,
Trend reports via the International Energy Agency.
According to the Agency's "Gas Market Report, Q1-2026" report,
this decline reflected subdued regional demand, improving LNG
supply availability, and the continued ramp-up of Russian piped gas
deliveries. The price drop highlights the effect of abundant
domestic and pipeline supply on market stability, particularly amid
weak spot market purchasing by China.
Earlier, the Gas Exporting Countries Forum (GECF), in its
monthly report, noted that China’s natural gas demand is expected
to grow, supported by a recovery in industrial activity, rising
electricity consumption, and the continued role of gas-fired power
generation in ensuring grid stability amid expanding renewable
capacity.
As of January 24, 2026, the official exchange rate set by the
People’s Bank of China stands at 1 USD = 6.99 CNY.
