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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Shell Plc | LSE:SHEL | London | Ordinary Share | GB00BP6MXD84 | ORD EUR0.07 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
17.50 | 0.68% | 2,578.00 | 2,578.00 | 2,578.50 | 2,580.00 | 2,559.00 | 2,569.50 | 1,758,371 | 13:16:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 316.62B | 19.36B | 2.9804 | 8.64 | 167.36B |
By Eric Yep
Singapore's government agencies and energy companies plan to create a regional price benchmark for liquefied natural gas in a bid to become a gas trading hub and give Asian buyers more control over natural gas prices.
Pavilion Energy, a Temasek portfolio company focused on the LNG business, said it is working with the Singapore Stock Exchange, International Enterprise Singapore--a unit of the trade ministry--and regional governments to develop a Singapore LNG price marker.
"This will be independent of the oil market and provide more transparent LNG pricing in the region," Pavilion's Chief Executive Seah Moon Ming said.
Singapore is already the largest oil and petroleum products trading hub in Asia. In recent years it has also become a hotspot for LNG trading with companies like Royal Dutch Shell PLC (RDSA.LN) and BG Group PLC (BG.LN) moving their LNG trading operations here.
More recently oil major Chevron Corp. (CVX) and Russian gas company Yamal LNG also started LNG trading operations here.
Write to Eric Yep at eric.yep@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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