China's comprehensive LNG import price drops last week

China's comprehensive import price index for liquefied natural gas (LNG) dropped last week, according to Shanghai Petroleum and Natural Gas Exchange (SHPGX).

The LNG index, not including tax, came in at 2,998 yuan (about 431 U.S. dollars) per tonne from Dec. 30, 2019 to Jan. 5, 2020, down 7.2 percent from the previous week.

The index, jointly developed by a monitoring center under the General Administration of Customs and the SHPGX, was launched on Oct. 16, 2019 and is due on a weekly basis to offer a new pricing reference for importers.