SHANGHAI - China's comprehensive import price index for liquefied natural gas (LNG) declined last week, according to the Shanghai Petroleum and Natural Gas Exchange (SHPGX).

The LNG index, not including tax and processing fee, came in at 1,888 yuan ($272.54) per ton in the week ending Aug 16, down 4.3 percent from the previous week.

The index, jointly developed by a monitoring center under the General Administration of Customs and the SHPGX, was launched on Oct 16, 2019, and is due on a weekly basis to offer a new pricing reference for importers.