BEIJING, Oct. 29 (Xinhua) -- CNOOC, the country’s largest offshore oil developer, is expected to initiate an international LNG purchase tender at the Shanghai Petroleum and Natural Gas Exchange (SHPGX), China’s national oil and gas trading center, on October 30.
The SHPGX is scheduled to introduce international LNG tender service on October 30, in order to meet needs of LNG market players.
According to the SHPGX’s announcement, CNOOC Gas and Power Group, a subsidiary of the offshore oil developer, plans to purchase a cargo of LNG which is scheduled to arrive in China in March 2021 through the SHPGX’s online international LNG trading system.
Registered members at the exchange could apply for the bid before 16:00 Beijing time on November 2, and the bidding result will be announced before 18:00 Beijing time on the same day.
The exchange started trial operation of its online international LNG trading system on August 28, when Sinopec and CNOOC respectively reached LNG purchase deals with their foreign counterparts through the system, with total trade volume at 130,000 tonnes.
The SHPGX is pushing forward the member registration at the system. It has organized a number of road shows for both international suppliers and domestic customers. (Edited by Jiang Yujuan, jiangyj@xinhua.org)
A single purchase
