KUALA LUMPUR, Sept 8 (Bernama) -- Abaxx Technologies Inc (Abaxx), a financial software and market infrastructure company, announced that Abaxx Exchange and Qingdao International Energy Exchange intend to explore strategic collaboration in the physical liquefied natural gas (LNG) market.
“We are excited to work with Qingdao International Energy Exchange to strengthen the LNG trading ecosystem in Asia.
“This engagement reflects our commitment to aligning international LNG benchmarks with China’s growing demand centres through infrastructure designed for physical trade flows,” said Abaxx Exchange Chief Executive Officer, Nancy Seah.
Meanwhile, a spokesperson at the Qingdao International Energy Exchange said partnering with Abaxx Exchange presented a significant opportunity to enhance connectivity between China’s energy market and global participants.
According to a statement, the collaboration will combine Abaxx’s physically deliverable LNG futures and clearing infrastructure with Qingdao International Energy Exchange’s established position in China’s energy markets.
It aims to connect international suppliers with China’s demand centres and strengthen Asia’s LNG marketplace through deeper liquidity, transparent benchmarks, and improved risk management tools, supporting more efficient cross-border trade and the global transition to cleaner energy sources.
Key focus areas of the collaboration are expected to include physical LNG market integration to develop mechanisms for cross-border LNG trade that connect global suppliers with China’s demand centres.
The collaboration will also explore the creation of transparent, market-driven LNG pricing references for the Asia-Pacific region; offer innovative clearing and settlement services to reduce volatility and enhance trading confidence; and widen the scope of energy market products to collaborate and support cross-border trading needs.
This collaboration aims to promote cross-border cooperation in commodity trading between Singapore and China, reinforcing a shared commitment to advancing sustainable energy solutions.
Abaxx is the majority shareholder of Abaxx Singapore Pte Ltd, the owner of Abaxx Commodity Exchange and Clearinghouse (Abaxx Exchange and Abaxx Clearing), and producer of the SmarterMarkets Podcast.
-- BERNAMA
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