PetroChina held a
successful auction on March 28, 2025, at the Chongqing Petroleum & Gas
Exchange for remaining feedgas volumes designated for direct-supplied LNG
plants in western & northern China (Shaanxi, Gansu, Ningxia, Qinghai, Inner
Mongolia, and Heilongjiang) during April 2025.
Delivery period: April,
Transaction Volume: 249
million cubic meters,
Average Price: RMB 2.47/cbm
(or $9.60/MMBtu).
Considering the pre-auction
price of April, the estimated LNG production cost in April is $ 11.07/MMBtu,
representing a stable performance compared to March feedgas.