A few days ago, Kristine Leo, Australia's largest natural gas producer and general manager of Aodesai Energy China, visited the Shanghai Oil and Gas Trading Center. The two sides had in-depth discussions and exchanges on China's natural gas market conditions, index prices, international energy cooperation and other topics.
Founded in 1954 and headquartered in Perth, Western Australia, Woodside is an energy company engaged in the exploration, development and production of oil and natural gas products. It is also Australia's largest natural gas production company. Odyssey Energy is Australia's leading LNG market pioneer, with an annual LNG operating capacity of 21 million tons. Since launching its LNG business in 1898, it has shipped more than 5,000 LNG cargoes from its largest asset, the Northwest Continental Shelf project.
Odyssey Energy's strategy includes new LNG supplies to emerging energy markets including China. During this discussion and exchange, the company introduced the operation of the Northwest Continental Shelf project and the Pluto LNG facility project; it also introduced the Browse development project and the Scarborough development project in the Browse Basin, about 425 kilometers north of the coast.
Liao Zhulian said that Aodesai’s future development in China may involve the mid- and downstream industries, investing in infrastructure, and developing downstream natural gas trading partners.
Li Xin, deputy manager of the LNG trading department of the Shanghai Petroleum and Natural Gas Trading Center, introduced the trading situation of China's natural gas market and highlighted innovative products such as the "One-Stop Imported LNG Window" jointly launched by the trading center and CNOOC. He said that the Shanghai Oil and Gas Trading Center is actively expanding its platform business capabilities, influence and innovation to provide diversified services to domestic and foreign upstream, midstream and downstream natural gas participants. Welcome Aodesai Energy to look for cooperation opportunities through the Shanghai Oil and Gas Trading Center platform.
Gavin Bajwa, Senior Business Advisor of Aodesai Energy, Jeremy Hams, General Manager of Marketing, Trade and Shipping, Ye Guobiao, Chairman of Shanghai Oil and Gas Trading Center, Yang Ling, Secretary of the Board of Directors, and relevant personnel from the LNG Business Department, Index Research and Development Department, Member Service Department of the Trading Center, etc. attended the meeting.
The Shanghai Oil and Gas Trading Center is a national energy trading platform established with the approval of the Shanghai Municipal People's Government under the direct guidance of the National Development and Reform Commission and the National Energy Administration. It was registered and established in the Shanghai Free Trade Zone on March 4, 2015, started trial operation on July 1, 2015, and officially started operation on November 26, 2016. The trading center is composed of ten shareholder units: Xinhua News Agency, PetroChina, Sinopec, CNOOC, Shenergy Group, Beijing Gas, ENN Energy, China Gas, Towngas and China Huaneng. The registered capital is 1 billion yuan, and the type is a limited liability company (domestic joint venture).
Deepening International Energy Exchange and Cooperation
— Woodside Energy visited Shanghai Petroleum and Natural Gas Exchange
On the afternoon of June 4th, Kristine Leo, China country manager of Woodside Energy, the largest Australia's natural gas producer, visited the Shanghai Petroleum and Natural Gas Exchange ("SHPGX"). Both sides conducted in-depth discussions on topics such as China's natural gas market, index prices, and international energy cooperation.
Woodside Energy was founded in 1954 and has its headquarters in Perth, Western Australia. It is an energy company engaged in the global exploration, development and production of oil and gas products and is the largest Australia's natural gas producer. Woodside Energy is the leading LNG market pioneer in Australia. The production capacity of LNG operations is 21 million tons per annum. Woodside has delivered 5,000 LNG cargoes from its largest asset, the North-West Shelf project since 1989.
The strategy of Woodside Energy includes providing new LNG supplies to emerging energy markets including China. During the discussion, the company introduced its operations at the North West Shelf project and the Pluto LNG Facility. The Browse Development which is located in the offshore Browse Basin, approx. 425 km north of Broome in Western Australia and the Scarborough Development were also introduced.
Kristine Leo, China country manager of Woodside Energy, said that the future development of Woodside in China may also include midstream and downstream of industry, investment in infrastructure and developing the LNG trade partners from downstream.
Xin LI, deputy manager of LNG trading department of SHPGX, introduced the trading situation of China's natural gas market, and highlighted the innovative products such as “One-Stop Window Slot for LNG Imports” jointly launched by the SHPGX and CNOOC. He expressed that the SHPGX is actively expanding its platform's business capabilities, influence and innovation to provide diversified services to upstream, midstream and downstream reaches to domestic and international natural gas. Welcome Woodside Energy to seek cooperation opportunities through SHPGX platform.
Gavin Bajwa, Senior Business Advisor of Woodside, Jeremy Hams, General Manager of Marketing, Trade and Shipping of Woodside, Guobiao Ye, Chairman of SHPGX, Ling Yang, Secretary of the Board of Directors, Other personnel from LNG Business Unit, Index R&D, and Membership Service Department joined in the meeting.
Shanghai Petroleum and Gas Exchange (SHPGX) is a national energy trading platform approved by the Shanghai Municipal People's Government, under the direct guidance of the National Development and Reform Commission and the National Energy Administration. SHPGX was registered and established in Shanghai Free Trade Zone on March 4, 2015, put into trial operation on July 1, 2015 and official operation on November 26, 2016. SHPGX is composed by 10 shareholders, namely Xinhua News Agency, PetroChina, Sinopec, CNOOC, Shenergy Group, Beijing Gas, ENN Energy, China Gas, Towngas China and China Huaneng. SHPGX is a limited liability company (domestic joint venture) with registered capital of 1 billion yuan.
