Author Topic: China completes first LNG trade in yuan  (Read 142 times)

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Offline Free Vulcan

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China completes first LNG trade in yuan
« on: March 30, 2023, 12:42:46 pm »

China has conducted its first liquefied natural gas (LNG) purchase settled in yuan, the Shanghai Petroleum and Natural Gas Exchange announced on Tuesday. The trade involved around 65,000 tons of LNG imported from the United Arab Emirates, according to the exchange.

TotalEnergies, which is one of the world’s top exporters of LNG, confirmed a transaction involving the UAE without specifying the details, Reuters reported.
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