Nymex and global platforms owner to develop LNG futures contract for US Sabine Pass plant
CME Group, the US energy and commodities derivatives market leader comprising the York Mercantile Exchange and related platforms, has reached an agreement with Cheniere Energy to develop an LNG futures contract based on physical delivery to Cheniere's Sabine Pass liquefaction and export plant on the Gulf Coast of Louisiana.
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.
China plans to invest in LNG fuel infrastructure for rise in Yangtze River cargo vessel traffic
Hubei Energy Group of China plans to invest in liquefied natural gas infrastructure on the Yangtze River and has signed an accord with the city of Zhejiang to encourage fuel use by river traffic in the next three to five years.
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.
