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SHEL Shell Plc

2,633.00
20.00 (0.77%)
Last Updated: 13:41:01
Delayed by 15 minutes
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
  20.00 0.77% 2,633.00 2,632.50 2,633.50 2,636.50 2,613.00 2,624.00 4,169,871 13:41:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 316.62B 19.36B 2.9804 8.80 170.45B

Singapore Plans LNG Price Benchmark, Asian Trading Hub

24/09/2014 9:46am

Dow Jones News


Shell (LSE:SHEL)
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   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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