(Bloomberg) — China became the world’s biggest natural gas buyer last year. Now it wants to start setting its own price.That’s because importers have been paying rates influenced by events unrelated to China’s supply and demand balance — from European weather to Middle East conflicts. So like it has for oil, gold and iron ore before, producers, distributors and financial exchanges in the top commodities market are seeking prices that they say better reflect Chinese fundamentals, and in their own currency.The search for an internationally recognized Chinese natural gas price, including a proposed futures contract, follows the larger pattern of …read more
Source:: Yahoo Finance
