China completes first LNG trade in yuan ...News

The transaction involved a shipment from the United Arab Emirates, according to the Shanghai exchange China has conducted its first liquefied natural gas (LNG) purchase settled in yuan, the Shanghai Petroleum and Natural Gas Exchange announced on Tuesday. The trade involved around 65,000 tons of LNG imported from the United Arab Emirates, according to the exchange. TotalEnergies, which is one of the world’s top exporters of LNG, confirmed the transaction of LNG imported from the UAE without specifying details, Reuters reported. The move is the latest sign of the yuan’s growing role on the international stage, acco

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