Abaxx Exchange and Qingdao International Energy Exchange have announced plans to explore a strategic collaboration in the physical liquefied natural gas (LNG) market. This partnership seeks to integrate Abaxx’s LNG futures and clearing infrastructure with Qingdao’s established energy market presence in China. The collaboration aims to connect international suppliers with China’s demand centres, enhancing liquidity, transparency, and risk management in Asia’s LNG marketplace.
The partnership will focus on several key areas, including the integration of the physical LNG market, the development of transparent price benchmarks for the Asia-Pacific region, and the provision of innovative risk management solutions. Additionally, the collaboration will extend beyond LNG to include a broader range of energy market products, supporting cross-border trading needs.
Nancy Seah, CEO of Abaxx Exchange, expressed enthusiasm for the partnership, stating, “We are excited to work with Qingdao International Energy Exchange to strengthen the LNG trading ecosystem in Asia.” A spokesperson from Qingdao International Energy Exchange added, “Together we can foster a more robust, efficient, and accessible LNG marketplace.”
This collaboration underscores a shared commitment between Singapore and China to advance sustainable energy solutions and promote cross-border cooperation in commodity trading. As the global energy landscape shifts towards cleaner sources, the partnership aims to play a pivotal role in supporting this transition through improved market infrastructure and connectivity.
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