The hottest Shanghai oil and gas trading center st

2022-09-26
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Shanghai oil and gas trading center launched three barrels of oil online trading

on July 1, the long-awaited Shanghai oil and gas trading center was officially put into operation

the center mainly deals with pipeline natural gas and liquefied natural gas at the initial stage of its launch. Yesterday, three barrels of oil participated in online trading for the first time, and PetroChina won the first order with milestone significance

Shanghai oil and gas trading center strives to form a trading index representing the market within three years to attract domestic and foreign oil and gas producers and consumer enterprises to participate in natural gas electronic trading

PetroChina officials said that Shanghai oil and gas trading center is a powerful means of natural gas market-oriented reform, and has taken a firm step towards internationalization and marketization

since this year, the reform of natural gas prices has been accelerating. In April, China realized the price integration of natural gas stock gas and incremental gas, and realized the first step of price reform

wangbaowei, Deputy Secretary General of the national development and Reform Commission, said that in the future, the national development and Reform Commission will further deepen the reform of natural gas prices, actively and steadily liberalize natural gas prices in competitive links

Shanghai oil and gas trading center starts

yesterday, Shanghai oil and gas trading center started. At the initial stage of the launch, the center was mainly put into trial operation with two spot trading varieties of pipeline natural gas (PNG) and liquefied natural gas (LNG). In the future, the trading of LNG terminal transfer capacity varieties will be launched

Shanghai oil and gas trading center is the inevitable result of major changes in the flow of global oil and gas resources and market structure. It is the inevitable result of the rapid development and increasing importance of the oil and gas market in the Asia Pacific region. It is also an important achievement of China's market-oriented reform in the source industry that can fully build quality and benefit enterprises

Sun Yang, an analyst at Zhongyu information, said that as a "new thing" in the natural gas industry, the original intention of Shanghai Petroleum Trading Center was to provide more transparent, convenient and efficient professional trading services for the natural gas industry and establish an electronic, market-oriented and open trading platform

it is understood that PetroChina posted its first order on the platform yesterday, totaling 14million cubic meters, with a listing price of 2.6109 yuan/cubic meter. Shanghai pipe was the delisted party, which is the first order with milestone significance for China's natural gas. The second is liquefied natural gas, which is listed by CNOOC at a listing price of 4200 yuan/ton, with a trading volume of 2000 tons, and delisted by Singapore Australia trade. The third order is also pipeline natural gas, which is 15million cubic meters sold by Sinopec North China and Xinao

Guo Xu from Shanghai oil and gas trading center showed the participants the trading situation on July 1. He said that the transaction has created many firsts. For the first time, it has achieved online public trading of pipeline natural gas, three barrels of oil trading on the same platform, price reduction Trading (Sinopec's listing price is lower than the provincial gate price), shale gas trading on the trading platform for the first time, and gas procurement in advance in winter for the first time

Sun Yang believes that with the successful unloading of LNG imported from abroad by private enterprises such as ENN and Guanghui, the "desire" of private enterprises to import LNG is growing. The working efficiency of L oil pump has become lower, and the external leasing of NG terminal in the window period came into being. At present, PetroChina Rudong, Caofeidian, Dalian terminal and Sinopec Qingdao terminal have been opened to third parties, and the trading center has also set this as a product, which is conducive to breaking the resistance of private enterprises to import LNG, providing opportunities for Chinese private enterprises to participate in international LNG trade, and contributing to the comprehensive establishment of China's natural gas market system

in Sun Yang's view, the establishment of the trading center at this time also relies on the formation of Shanghai Free Trade Zone, which makes it easier for the trading center to achieve the set goals, form its own natural gas price index internally, and promote the reform of natural gas pricing mechanism with a modulus ≥ 1400MPa, so as to promote China's energy transformation. The establishment of China led oil and gas trading centers in the Asia Pacific region will help fight for international natural gas pricing power and resolve the "Asian premium"

natural gas prices will be gradually liberalized

since this year, oil and gas reform has been accelerating, and natural gas price reform has been at the forefront

on April 1 this year, China realized the price integration of natural gas stock gas and incremental gas, and at the same time, pilot liberalized the price of gas directly supplied to users, allowing the market to play a decisive role in resource allocation and laying the foundation for open trading of natural gas

it is worth mentioning that at present, the domestic LNG spot market has formed a good market mechanism, with direct supply and demand constraints between buyers and sellers, and the price follows the market. However, pipeline natural gas has not formed a good market mechanism

Sun Yang also told that the national development and Reform Commission first stipulated that direct users of natural gas could negotiate prices with the upstream, and introduced this part of the gas volume into the trading center to purchase some natural gas at market-oriented prices, gradually breaking the monopoly with small to large, forcing natural gas system reform and price reform

Yu Yibo, chief financial officer of PetroChina, also said at the meeting that the trading center is a powerful means of natural gas market-oriented reform, and has taken a firm step towards internationalization and marketization, which is a milestone. The trading center can reflect the supply and demand characteristics of natural gas and plays an important role in the future sustainable development

2015 is the key year of China's natural gas market-oriented reform. The "three-step" reform pace has basically realized the steady transition of natural gas prices from government pricing to market-oriented pricing

yesterday, Wang Baowei, Deputy Secretary General of the national development and Reform Commission, said at the launching ceremony that since the national development and Reform Commission took the lead in reforming the natural gas price mechanism in Guangdong and Guangxi in 2011, it has continuously adjusted the price of domestic non residential natural gas and liberalized the natural gas with competitive conditions. At present, the price of natural gas, which accounts for 40% of the total domestic consumption, has been liberalized, and the remaining 60% is managed by the state. In the next step, the national development and Reform Commission will further deepen the reform of natural gas prices and actively and steadily liberalize natural gas prices in competitive links

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