Page 6 - Toby Copson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China's liquefied natural (LNG) gas importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market. The beefed-up trading presence of Chinese importers puts them in direct competition with such global heavyweights as Shell, BP, Equinor and TotalEnergies for a market that the International Energy Agency says doubled in value to $450 billion last year. About a dozen Chinese companies have been expanding trading teams or adding new desks, with privately run ENN Natural Gas and state-run China National Offshore Oil Corp (CNOOC) the latest to plan London offices, and utility China Gas Holdings setting up a Singapore operation, company officials and traders said.

South koreaCity ofUnited kingdomSouth koreanEmily chowTom hogueJason feerToby copsonMarwa rashadChen aizhuZhang yaoyuYuka obayashiInternational energy agencyChina national offshore oil corpRystad energySinochem group