BEIJING, Nov. 3 (Xinhua) -- Shanghai Petroleum and Natural Gas Exchange (SHPGX) executed its first international LNG tender transaction on November 2, marking a move for the exchange to enrich its international LNG trade services.
According to the tender result, CNOOC will purchase 65,000 tonnes of LNG to be delivered in March 2021 from Aramco Trading Singapore.
SHPGX launched the international LNG tender service on its online international LNG trading system on October 30, aimed at providing purchase and sales tender services for international LNG traders.
Chinese oil and gas giants Sinopec and CNOOC on October 30 announced their purchase tenders through SHPGX’s trading system seeking to purchase overseas LNG to be delivered in the months ahead. A number of foreign gas suppliers including Total, Mitsui & Co., Glencore, RWE and Aramco Trading Singapore were invited to participate in the tenders.
SHPGX said it is also mulling the establishment of a group purchasing service for small-sized LNG buyers in accordance with market demand. （Edited by Wang Haijun, wanghaijun@xinhua.org）
A single purchase
