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Shanghai Oil and Gas Trading Center Official Launch Conference and the Complete Success of China Oil and Gas Reform and Development Summit Forum

Shanghai Oil and Gas Trading Center Official Launch Conference and the Complete Success of China Oil and Gas Reform and Development Summit Forum

On November 26, 2016, the national platform for the official launch of the Shanghai Petroleum Trading Center and China’s Oil and Gas Reform and Development Summit Forum was successfully held in Shanghai’s financial center, in which Hanas Group was invited to attend the conference and delivered a keynote speech at the forum, which was high-profile.

Minister of the National Development and Reform Commission Xu Shaoshi, Xinhua News Agency President Cai Mingzhao, Shanghai Mayor Yang Xiong, Executive Vice Mayor Ying Yong, PetroChina Chairman Wang Yilin, Sinopec Chairman Wang Yupu, CNOOC Chairman Yang Hua and other national ministries and leaders, and major business leaders in the oil and gas industry attended the conference and delivered speeches with a great expectation on the trading center operations to hope to promote the trading center as soon as possible to form a more representative transaction price, so as to propel China to actively integrate into the international market and deepen the international cooperation on energy! Best wishes to the trading center for a healthy operation, development and growth, and continuous efforts and contributions to form a “China Price”.

Hanas Group is one of the first A class trading center members. Hanas CEO Xu Changning, Vice President Ren Fenglan, LNG Division President Michiel Mark, Deputy General Manager of Pipeline Company Luo Zhanjun were invited to attend the conference. Michiel Michiel Mark on behalf of the downstream oil and gas industry enterprises delivered a keynote speech in the forum entitled The LNG Industrial Chain and Clean Energy Demands in the China’s Energy Reform Process. Hanas is willing to conform to the development trend in the national energy reform process, go with the trend, be consolidated and persistent, play a more important and outstanding role in the trading center, a larger platform in order to make a positive effort in China’s energy transformation!

It was reported that the trading center was built based on the strategic cooperation agreement between the National Development and Reform Commission and the Xinhua News Agency. Its concerning work needs to be guided and supervised by the National Development and Reform Commission, the National Energy Administration and the Ministry of Commerce, aiming to become the internationally influential oil and gas trading platform, information platform and financial platform.

At the official launch conference, the trading center released the China LNG producer price index, the southern China LNG transaction price index, and the China’s gasoline and diesel wholesale price index to reflect the index in Chinese oil and gas market.

The shareholders of the trading center registered capital valuing 1 billion RMB for Xinhua, CNPC, Sinopec, CNOOC, Shenergy, Beijing Gas, ENN, China Gas, HKCG and Huaneng with the type as the limited liability company (domestic joint venture).

The trading center has completed in 2015 a total of 13.343 billion cubic meters of natural gas (bilateral), including 12.878 billion cubic meters of pipeline gas (PNG) and 315,000 tons of liquefied natural gas (equivalent to 465 million cubic meters of gaseous gas). The pipeline gas trading has been covered in East, Central, South, North, Southwest and Northeast, while the liquefied natural gas trading is mainly covered in East and South. In the first 10 months of this year, the trading volume of pipeline gas was 15.38 billion cubic meters (bilateral) and the trading volume of LNG was 1.316 million tons (bilateral). It is expected that the trading volume of natural gas in 2016 will exceed 30 billion cubic meters (bilateral).

Shanghai Oil and Gas Trading Center Official Launch

Director of the National Development and Reform Commission Xu Shaoshi, Shanghai Mayor Yang Xiong and other leaders congratulated the official launch of the trading center

CEO of Hanas Group Xu Changning attended the conference

Vice President of Hanas Group Ren Fenglan attended the conference

At the Conference

Feeling sanitation workers’ suffering, helping gasification Ningxia people’s livelihood