Regulation gets LNG price back on even footing

Chinese LNG prices have fallen by 33 percent in the past few days, thanks to the governmental regulation and rebalancing of supply and demand, ending the ever soaring price of the clean fuel due to China's winter gas crunch.

The price of LNG has fallen by 33.43 percent in the past 10 days from the more than 8,477 yuan ($1,304) per metric ton on Dec 25, 2017, to 5,644 yuan per ton on Wednesday, according to commodity data supplier 100ppi.com.

Analysts believe the falling price illustrates the hardest time of the gas shortage has ended with a rebalanced supply and demand.