China devalue Iran’s liquefied natural gas by $100

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According to trade sources, China buys Iranian liquefied natural gas (LPG) at a huge discount, $100 below the price of Saudi liquefied natural gas.

The price of a ton of Saudi liquefied natural gas last month was about $710 to $740. China is Iran’s largest customer of liquefied natural gas, oil and gas condensate, and there have been previous reports of a $4 to $5 discounts on the sale of Iranian oil to China.

According to Platts, Iran exported about 4.94 million tons of liquefied natural gas to China in 2019 and about 3.

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