Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Company

SHPGX inks strategic cooperation agreement with Dazhong Public Utilities (600635.SH)

May 09, 2020


Abstract : Shanghai Petroleum and Natural Gas Exchange (SHPGX), a national energy trading center, signed a strategic cooperation agreement with Shanghai Dazhong Public Utilities (Group) Co., Ltd. (600635.SH) in Shanghai on Friday. 

BEIJING, May 9 (Xinhua) -- Shanghai Petroleum and Natural Gas Exchange (SHPGX), a national energy trading center, signed a strategic cooperation agreement with Shanghai Dazhong Public Utilities (Group) Co., Ltd. (600635.SH) in Shanghai on Friday.

Under the agreement, the SHPGX is willing to promote communication and negotiation between its largest shareholder and Dazhong Public Utilities, strive to promote equity transfer, and assist the company in becoming a new shareholder and strategic investor of the Exchange. The SHPGX will also provide professional, market-oriented, and international trading services and financial services for the listed company to meet its needs of oil and gas trade.

The Dazhong Public Utilities will support the SHPGX to expand the scale of natural gas and oil products trading, shares information on gas source procurement in the international market, and introduce the international natural gas suppliers to trade on the trading platform of the SHPGX.

The SHPGX was established in March 2015, with stakeholders including Sinopec, CNPC and CNOOC. Trial operations started in July 2015. It officially opened for business in November 2016.

Dazhong Public Utilities is currently the sole pipeline gas supplier in Shanghai's Southern Puxi District and in Nantong, Jiangsu Province, where it owns and maintains more than 6,500 km and 2,200 km of underground pipelines respectively, according to its official website. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: SHPGX oil and gas gas pipeline

Reading:

Tesla says Shanghai gigafactory under normal maintenance work

(Infographic) A graph shows you six B&R economic corridors

Chinese-built Curepe Interchange in T&T opens to traffic

Jurin: Unsealing of some industries should ensure public health and economic development

Thai Commerce Ministry encourages COVID-19 patent requests

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial