On January 26, the annual production capacity of 850,000 tons of LNG liquefied natural gas project was officially launched in Yuanzhou District, Guyuan City, Ningxia Hui Autonomous Region, with a total investment of 1.35 billion yuan. It is planned to start construction in April 2026 and be put into operation in December 2027. PriceSeek's analysis of liquefied natural gas, with a long-short score of -1: The project has an annual production capacity of 850,000 tons of liquefied natural gas and is scheduled to be put into operation in 2027, which will significantly increase market supply. In the long term, the increase in supply will exert downward pressure on spot prices, potentially leading to price declines. The short-term impact is limited due to the late commissioning date, but market expectations have already reflected bearish factors in advance.