China Settles First LNG Energy Deal In Yuan

The Shanghai Petroleum and Natural Gas Exchange said that China has settled the first LNG energy deal in Yuan with the United Arab Emirates.

China has just completed its first trade of liquefied natural gas (LNG) settled in yuan, the Shanghai Petroleum and Natural Gas Exchange said on Tuesday.

Chinese state oil and gas giant CNOOC and TotalEnergies completed the first LNG trade on the exchange with settlement in the Chinese currency, the exchange said in a statement carried by R...

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