Shanghai Petroleum and Gas Exchange to hold LNG cargo auction on April 18 as price trial
China National Offshore Oil Corp (CNOOC), the oil and gas company and LNG terminal owner, said it planned to conduct a liquefied natural gas cargo auction on April 18 on the Shanghai Petroleum and Gas Exchange as the region still awaits the emergence of a single benchmark price.
Chinese energy major Sinopec plans to increase LNG import capacity and shale-gas production
China Petroleum and Chemical Corp., the Chinese energy major also known as Sinopec and with LNG stakes including in the state of Queensland in Australia, said it was planning to boost its LNG capacity and supplies as well as its shale-gas assets.
Chinese plan to launch new LNG and gas exchange to rival Singapore and Japan efforts
China plans to launch a second natural gas exchange in the southwest city of Chongqing by mid-2018, aiming to match efforts by Singapore and Japan to create an Asian price benchmark as the nation’s use of LNG and gas continues to rise.
