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Policy & Regulation

New index shows China bid for LNG pricing power

The launch of a new index for LNG import pricing is a step forward for China’s hopes of establishing itself as a gas and LNG trading hub The launch of a new index for LNG import pricing is a step forward for China’s hopes of establishing itself as a gas and LNG trading hub.
By Tang Tian 31 October 2019 Asia Pacific / Policy & Regulation 0 34738
ENN's LNG terminal in Zhoushan, China. (ENN)

The key issue: China’s first LNG import price index debuted earlier this month on the Shanghai Petroleum & Gas Exchange, marking an important step for creating a transparent gas pricing system in the country.

Interfax analysis: The Shanghai Petroleum and Gas Exchange (SHPGX) launched China’s first price index for imported LNG on 16 October. Interfax Natural Gas Insight expects the new CIF index to be just the beginning, with more indices tracking cargoes from specific regions or even individual export projects potentially...