Connect with us

Hi, what are you looking for?

Imsilkroad

CNOOC initiates int’l LNG purchase tender at SHPGX

Abstract : CNOOC, the country’s largest offshore oil developer, launches an international LNG purchase tender at the Shanghai Petroleum and Natural Gas Exchange (SHPGX) on December 4.

BEIJING, Dec. 7 (Xinhua) — CNOOC, the country’s largest offshore oil developer, launches an international LNG purchase tender at the Shanghai Petroleum and Natural Gas Exchange (SHPGX) on December 4.

According to the SHPGX’s announcement, CNOOC Gas and Power Group, a subsidiary of the offshore oil developer, plans to purchase overseas LNG through the SHPGX’s online international LNG trading system. About 16 foreign suppliers, including Total, Gazprom, Trafigura, and Novatek, will participate in the tender.

Registered members at the exchange could apply for the bid before 16:00 Beijing time on December 7, and the bidding result will be announced before 18:00 Beijing time on the same day.

It’s not the first time for the CNOOC to initiate the international LNG purchase tender at the exchange. When the SHPGX first introduced such service on October 30, the CNOOC and Sinopec announced their first LNG purchase tenders at the exchange, and then the CNOOC reached a purchase deal with Aramco Trading Singapore through the exchange on November 2.

The SHPGX has been promoting service innovation over the past years. It 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 exchange said it was also mulling the establishment of a group purchasing service for small-sized LNG buyers in accordance with market demand. (Edited by Jiang Yujuan, jiangyj@xinhua.org)

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: CNOOC initiates int’l LNG purchase tender at SHPGX

Press Release Wring Service
Press Release Wring Service Senmer Press Release Service

Trending

You May Also Like

Purifier

Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...

Purifier

Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...

Purifier

We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...