Shanghai Petroleum and Natural Gas Exchange (SHPGX), a jointly funded platform to prompt oil and gas reform and enhancing China's pricing power, recently witnessed increase of daily transaction volumes, according to the exchange's website.
Transaction volume of pipeline natural gas shot up to 56.05 million cubic meters on August 27 up from 51,000 cubic meters in the previous daily.
Daily transaction volume of pipeline natural gas maintained stability since trial operation of the exchange on July 1, according to an official with SHPGX. Now, SHPGX has more than 100 members and various market players are joining the market platform.
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