Question: How Much Is A Ton Of LNG Worth?

How much does it cost to produce LNG?

World total production Constructing an LNG plant costs at least $1.5 billion per 1 MTPA capacity, a receiving terminal costs $1 billion per 1 bcf/day throughput capacity and LNG vessels cost $200 million–$300 million..

What is spot price mean?

The spot price is the current price in the marketplace at which a given asset—such as a security, commodity, or currency—can be bought or sold for immediate delivery. … In contrast to the spot price, a futures price is an agreed upon price for future delivery of the asset.

What is an MMBtu?

1 MMBtu is equal to 1 million BTU (British Thermal Unit). Natural gas is measured in MMBtu’s. 1 MMBtu = 28.263682 m3 of natural gas at defined temperature and pressure.

What is spot LNG price?

LNG netback price series17 August 2020 An LNG netback price is a measure of an export parity price that a gas supplier can expect to receive for exporting its gas. … An LNG netback price is not the sole factor that influences domestic prices in the east coast gas market.

How much is LNG per metric ton?

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.

How many MMBtu is a metric ton of LNG?

Conversion FactorsNatural gas and LNGTo Convert billion cubic metres NGmillion barrels oil equivalent1 million tonnes oil equivalent1.117.331 million tonnes LNG1.368.971 trillion British thermal units0.0280.181 million barrels oil equivalent0.1513 more rows

How is LNG price calculated?

The following is a typical S-curve pricing formula: PLNG = (A × PCrude Oil) + B, where PLNG is the price of exported LNG; A is the slope linking oil and gas prices (where 16.7% indicates energy equivalent parity between oil and gas prices; most LNG contracts have slopes between 12% and 15%); PCrude Oil is the crude oil …

How is LNG price determined?

The price of LNG will be given per million British thermal units (MMBtu). … The price slope will then be applied to give the price per MMBtu. For example, a price slope of 13% against Brent crude would mean that, at Brent crude prices of USD 70 per barrel, the MMBtu price would be 0.13 x 70 = USD 9.10 per MMBtu.

What unit is LNG sold in?

LNG ship sizes are specified in cargo volume (typically, thousands of cubic meters), and once the LNG has been reconverted to gas, it is sold by energy units (in millions of British thermal units, MMBtu). One ton of LNG contains the energy equivalent of 48,700 ft3 (1,380 m3) of natural gas.

How much does LNG cost per gallon?

During this reporting period, the national average price for compressed natural gas (CNG) remained steady, at $2.17/GGE, while E85 saw a slight decrease of $0.04/gallon. Propane and liquefied natural gas (LNG) saw slight increases of $0.05/gallon and $0.06/gallon, respectively.

How much is a ton of LNG?

One ton of LNG contains the energy equivalent of about 48 billion cubic feet (48 bcf) of natural gas, or 8.59 million barrels of oil equivalent (mmboe) or 1.17 milllion tons of oil equivalent (mmtoe).