BEIJING, Dec. 21 (Xinhua) -- Shanghai Petroleum and Natural Gas Exchange (SHPGX) will launch international LNG group purchasing trade service on December 30, aiming to better serve the small and medium domestic market players.
Under this new trade mode, the initiator of the group purchasing trade will provide window period of LNG receiving terminals as well as resources purchase and arrangement services, while qualified buyers could submit their gas purchase demand through the SHPGX’s online international LNG trading system to join the group purchasing trade.
According to the SHPGX’s announcement, CNOOC Gas & Power Group, a subsidiary of CNOOC, will initiate the first group buying trade on December 30. The window period for the spot LNG products is arranged in April 2021. Buyers could pick up the LNG from April 1, 2021 to September 30, 2021 through LNG tank lorries.
The discharging ports and delivery points include LNG receiving terminals under CNOOC’s control and other terminals that have reached LNG processing agreements with the CNOOC, such as Shenzhen and Jieyang terminals.
The SHPGX is actively promoting the innovation of natural gas trade services in order to better serve LNG trading enterprises at home and abroad, and to further boost the fair access to natural gas infrastructures. (Edited by Wang Haijun, wanghaijun@xinhua.org)
A single purchase
