Project Insights
Shanghai exchange still playing minor role in China’s gas demand
The SHPGX continued to meet only a small proportion of China’s gas demand last year despite a record volume of the fuel changing hands on the platform The SHPGX continued to meet only a small proportion of China’s gas demand last year despite a record volume of the fuel changing hands on the platform.
7 February 2019
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The Shanghai Petroleum and Gas Exchange (SHPGX) handled more transactions of pipeline gas and LNG in 2018 than it did in 2017, but sales volumes as a share of Chinese gas consumption slowed. This underlines the fact that there is a long way to go before the bulk of China’s gas demand will be met by supplies purchased via domestic trading platforms.
Turnover on the exchange reached a record 60.46 billion cubic metres last year, comprising 55.54 bcm of pipeline gas and 3.33 mt of LNG,...
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