SHPGX issues regulations for international LNG Trading
International LNG trading on the Shanghai Petroleum & Gas Exchange was put into trial operation on Aug 28. While complying with the relevant domestic management regulations, SHPGX has established an independent electronic trading system for international LNG trading and formulated independent business regulations by focusing on the current international LNG trading model and referring to the common practices of international exchanges.
The international LNG business regulations will be the basic system for international LNG trading on SHPGX. There are two versions in Chinese and English.
After the trial operation, SHPGX will widely solicit opinions from domestic and foreign market participants, modify and improve the business regulations and trading system, so as to create a fair, just, safe and efficient trading environment for domestic and foreign participants.
It is understood that SHPGX has carried out three roadshows on international LNG trading online and offline simultaneously. Representatives from three major domestic oil companies, national pipeline network group and more than 20 international resource providers participated in the roadshow, and put forward constructive opinions and suggestions on the international LNG trading business.