Tianjin International Petroleum & Gas Exchange Center Surpasses ￥10 Bln in Transactions

At 2:35 PM on January 15, the cumulative transaction volume of the Tianjin International Petroleum & Gas Exchange Center surpassed ￥10 billion. Dedicated to providing transparent and regular spot trading and delivery services for buyers and sellers of petroleum and gas commodities and services, the center has registered over 860 customers since its trial operation began in late December 2023. With an average daily transaction volume exceeding ￥218 million, it has become the largest LNG trading hub in the Beijing-Tianjin-Hebei region.

From its inception, Tianjin International Petroleum & Gas Exchange Center has embraced a path of market-oriented innovation to enhance the efficient allocation of oil and gas resources. It has successfully launched various online trading models, including LNG order matching, pooled procurement, and pre-sale bidding, steadily expanding the scale of market-based transactions. Looking ahead, based in TEDA and rooted in the Beijing-Tianjin-Hebei market, the center plans to foster the development of oil and gas enterprises in Tianjin. It aims to establish a “Tianjin Price” benchmark for oil and gas commodities and promote its adoption and influence to make TEDA a leader in oil and gas commodity market with significant impact.