BEIJING, Sept. 27 (Xinhua) -- Shanghai Petroleum and Natural Gas Exchange (SHPGX), a China national energy trading center, held first international liquefied natural gas (LNG) trade business roadshow towards domestic traders on September 25.
More than 50 representatives coming from 20 domestic companies like CNPC, Sinopec, CNOOC and China Oil & Gas Pipeline Network Corporation attended the roadshow. They put forward multiple constructive opinions and suggestions on the development of international LNG trade business.
SHPGX international LNG online trading system started trial operation on August 28. Through digital technology, the system aims to establish an open, transparent, safe and efficient online trading platform for domestic and foreign market players, and promote the international LNG trade into the digital era.
With this system, SHPGX will not only set up direct trading channels for domestic and foreign market players, but will also join hands with experienced domestic major buyers to provide international trade training and consulting services as well as reference contract models.
Meanwhile, through this system, SHPGX could share purchasing prices and the related information, provide financial supporting services with banks, and agent services like purchasing, price inquiring.
The big data generated by the international LNG online trading will become an important reference for the global LNG market. Along with the development of this business, SHPGX will accelerate the speed to build China natural gas price index and provide meaningful references for international LNG trade. (Contributed by Wang Haijun, edited by Pei Ziye, email@example.com)