Hudong-Zhonghua locks in new order to build LNG carrier duo for COSCO, CNPC

Chinese shipbuilder Hudong-Zhonghua Shipbuilding has signed a contract with COSCO Shipping Energy and PetroChina, part of China National Petroleum Corporation (CNPC), to build two liquefied natural gas (LNG) carriers.

The post Hudong-Zhonghua locks in new order to build LNG carrier duo for COSCO,...

https://www.offshore-energy.biz/hudong-zhonghua-locks-in-new-order-to-build-lng-carrier-duo-for-cosco-cnpc/

China-Russia Resources Trade Shifts To Yuan From Dollars

japantimes

China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbor now settled in the Chinese currency instead of dollars, said multiple trading executives with direct knowledge of the matter, says an article published on japantimes.

Internationalize currency

The switch to yuan to pay for much of a roughly $88 billion commodities trade in the wake of the Ukraine war accelerates...

https://mfame.guru/china-russia-resources-trade-shifts-to-yuan-from-dollars/

PetroChina Completes 1st STS LNG Bunkering

PetroChina completed its first ship-to-ship (STS) bunkering of an LNG-fuelled ship at the Shenzhen Yantian Port on November 22, reports Natural Gas World quoting its parent company CNPC.

Ship-to-ship (STS) bunkering

About 7,000 m3 of LNG was supplied to a containership owned by CMA CGM Group and the whole operation lasted for six hours, CNPC said. Yantian Port is located in the southern Chinese province of Guangdong.

State-owned CNPC said that the move will open up the market for LNG offshore...

https://mfame.guru/petrochina-completes-1st-sts-lng-bunkering/

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