The spot price of LNG has more than doubled from early November to December 22, and has dropped by 20% in the past three days. There are still many uncertainties in the market supply and demand situation, and the risk of future price fluctuations is relatively high. The supply and demand of natural gas in China have been tight since November. According to data from Chongqing Petroleum and Gas Exchange, China’s apparent consumption of natural gas in November was 30.66 billion cubic meters and the total supply was only 29.73 billion cubic meters. The spot price of LNG in China was 6,693 yuan/ton on December 25, a one-fifth decrease from its recent high of 8,359 yuan/ton on December 22, Sublime China Information data showed. Prior to this, the price has climbed 108.5% in just over a month, from 4,010 yuan per ton on Nov. 2. Demand for LNG increases significantly in winter. Guo Jiaofeng, a researcher with the Research Institute of Resources and Environmental Policies at the Development Research Centre of the State Council, explained that the cold current now has led to a significant increase in household gas use. At present, the economic activity is also relatively high, and industrial gas consumption has increased a lot. With the resumption of industrial production, the increase of LNG heavy-duty truck use is also big, and traffic gas consumption has increased obviously.