China’s liquefaction plants will struggle to heed a recent call by Beijing to buy their supply through the Shanghai and Chongqing exchanges this winter, industry experts have told Interfax Natural Gas Daily.
The National Development and Reform Commission (NDRC) announced a citygate price cut two weeks ago and said it wanted to encourage more direct trading through the two exchanges.
“Allowing direct trading is a move to introduce market elements to gas pricing as China seeks to move away from the current mechanism where end-tariffs are...
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