Global Markets

China’s gas exchanges attract volumes from NOCs

China’s fledgling gas exchanges have continued to attract attention from the country’s main gas suppliers China’s fledgling gas exchanges have continued to attract attention from the country’s main gas suppliers.
By Tang Tian 20 June 2018 0 31375
The Shanghai stock exchange. (Interfax)

China’s top gas suppliers have stepped up activity on the country’s two oil and gas trading exchanges in recent months, although traded volumes still represent a fraction of the country’s gas market.

The Chongqing Petroleum and Gas Exchange started trading on 11 May, making it the country’s second platform to launch after the Shanghai Petroleum and Gas Exchange (SHPGX). Both platforms are backed by state energy giants and local governments.

On the first day of trading, the Chongqing exchange sold 28.16 million cubic metres...