CHINA SETS UP SECOND GLOBAL O&G TRADING CENTRE
April 1st, 2017
China’s may have announced the launch of a second major national oil and gas trading centre – in the country’s south-western metropolis of Chongqing – but this new entrepot may take time to be operational. Indeed, while the Chongqing Oil and Gas Trading Centre was formally established in January, it may take until 2018 before it is operational.
Its aims are certainly worthy enough. They are to “deepen energy price reform and enhance international energy cooperation,” according to Niu Yu Bin, head of pricing reform at the National Development and ...
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