Здравствуйте. Вся информация этого сайта бесплатна без рекламы. Вы можете сделать пожертвование и поддержать развитие этого сайта. Спасибо.

Hello. This site is free without ads. You can make a donation and support the development of this site. Thank you.

2015-07-03 17:55:00

SHANGHAI OIL & GAS EXCHANGE

SHANGHAI OIL & GAS EXCHANGE

The country's first oil and gas exchange started trial operations on July 1, a move one expert said would promote market-oriented pricing of gas.

The exchange in Shanghai has registered capital of 1 billion yuan and 10 shareholders. State-run Xinhua News Agency has the largest stake – at 33 percent – followed by the country's Big Three oil and gas producers. China National Petroleum Corp. (CNPC), China Petrochemical Corp. Group and China National Offshore Oil Corp. each own 10 percent.

The National Development and Reform Commission, the country's top economic planner, and the National Energy Administration will supervise the exchange.

The exchange will offer two spot trading options, for pipeline natural gas and liquefied natural gas (LNG), during its two-month test run.

The exchange is a unified, market-oriented pricing mechanism based on supply and demand, said Tong Xiaoguang, an advisor to China National Oil and Gas Exploration and Development Corp., a subsidiary of CNPC.

The government has controlled the pricing of 60 percent of the natural gas sold in the country since it started market-oriented reforms in the southern province of Guangdong and southwestern region of Guangxi in 2011, said Wang Baowei, the NDRC's deputy secretary-general.

Market-oriented pricing is used only for resources such as offshore natural gas, LNG, coal-bed gas, shale gas and gas from coal, Wang said.

The government will continue to reform its pricing mechanisms, Wang said. The Big Three are still the country's major suppliers, and other suppliers of imported LNG, coal-bed gas and coal-to-gas fuel are still too small to influence prices, a situation that will hinder progress, he said.

The government started pricing domestically produced gas on the basis of oil and LNG prices in 2013.

english.caixin.com

Tags: CHINA, OIL, GAS

Chronicle:

SHANGHAI OIL & GAS EXCHANGE
October, 16, 11:50:00

SAUDI ARAMCO IPO

Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.

SHANGHAI OIL & GAS EXCHANGE
October, 16, 11:45:00

SAUDI'S BANKS ARE BETTER

But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.

SHANGHAI OIL & GAS EXCHANGE
October, 16, 11:40:00

OPEC EXPECTATION

The Organization of Petroleum Exporting Countries and allies including Russia have been cutting oil production this year to bring fuel inventories in industrialized nations back in line with the five-year average.

SHANGHAI OIL & GAS EXCHANGE
October, 16, 11:35:00

JAPAN LNG INVESTMENT

The Japanese government will offer $10 billion to support firms bidding to build liquefied natural gas (LNG) infrastructure around Asia, the Nikkei business daily said on Monday.

All Publications »
Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00