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Shanghai Petroleum and Natural Gas Exchange

Shanghai Petroleum and Natural Gas Exchange is an energy trading platform approved by the Shanghai Municipal People's Government and registered in the Shanghai Free Trade Zone in 2015.

Last updated September 15, 2026

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Overview

Shanghai Petroleum and Natural Gas Exchange (SHPGX) is an energy trading platform established under the direct guidance of the National Development and Reform Commission and the National Energy Administration, and approved by the Shanghai Municipal People's Government. It was registered in the Shanghai Free Trade Zone on March 4, 2015, began trial operation on July 1, 2015, and officially launched on November 26, 2016. It is composed of ten shareholder units and has registered capital of 1 billion yuan, structured as a limited liability company (domestic joint venture). The exchange operates a membership system and conducts spot and forward trading of energy products including natural gas, unconventional natural gas, liquefied petroleum gas, and petroleum, while providing trading, delivery, settlement, technology, credit, finance, information, venue, and facility services.

History

Shanghai Petroleum and Natural Gas Exchange was established under the direct guidance of the National Development and Reform Commission and the National Energy Administration, and approved by the Shanghai Municipal People's Government. It was registered in the Shanghai Free Trade Zone on March 4, 2015, began trial operation on July 1, 2015, and officially launched on November 26, 2016. The exchange is composed of ten shareholder units: Xinhua News Agency, China National Petroleum Corporation, China Petrochemical Corporation, China National Offshore Oil Corporation, Shenergy Group, Beijing Gas, ENN Energy, China Gas, Hong Kong and China Gas, and China Huaneng. It has registered capital of 1 billion yuan and is structured as a limited liability company (domestic joint venture).

Products and positioning

A specialized, internationalized energy trading platform operating on principles of openness, fairness, justice, professionalism, integrity, and efficiency.

  • Pipeline natural gas

  • Liquefied natural gas (LNG)

  • Oil products

  • LNG receiving terminal

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