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Last updated: June 16, 2025, 21:35  |  Written by: Olaf Carlson-Wee

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China Completed A Historic Landmark

China completes first yuan-settled international LNG

China completed a historic landmark deal to settle the first international Liquified Natural Gas (LNG) trade using local yuan, Shanghai Petroleum and Natural Gas

China and France have completed an LNG gas trade using the Chinese Yuan in a landmark transaction that ends the reliance on the US dollar in energy trades.

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CNOOC completes first yuan-settled LNG trade - China

Chinese national oil company CNOOC and French energy company Engie have completed a yuan-settled liquefied natural gas (LNG) trade through the Shanghai

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Olaf Carlson-Wee can be reached at [email protected].

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