LNG: Bleak profit outlook for Q2 following higher auction costs

Source: Mysteel Apr 16, 2026 11:05

LNG industry profit will remain gloomy in the second quarter of the year, in line with reduced volumes and rising prices of feedstock gas by auctions.

After extreme losses in early 2026 and only a brief profit rebound in March, China's liquefied natural gas (LNG) industry losses are expected to persist through the second quarter, as feedstock gas auctions by PetroChina show reduced volumes and rising prices, pushing production costs higher. Since mid-March, PetroChina's LNG plant