Top Asian refiner Sinopec Corp. (SNP.NYSE; 00386.HK; 600028.SH) Thursday started to sell natural gas from southwest China's Sichuan basin via Shanghai Petroleum and Natural Gas Exchange (SHPGX), a spot trading platform to prompt oil and gas reform and enhance China's gas pricing power.
Sinopec Corp. would deliver this batch of natural gas in Shanghai through Sichuan-to-East China natural gas pipeline.
By December 16, trading volumes with SHPGX totaled 3.33 billion cubic meters of pipeline natural gas and 108,000 tonnes of LNG since its trial operation on July 1.
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