Sunday, September 14, 2025

Latest

Goodbye US Dollar: China, France Complete First LNG Transaction In Yuan

China and France have successfully completed the first cross-border yuan settlement for liquefied natural gas (LNG) trade, a milestone that could boost the use of the Chinese currency in the global market.

The transaction was facilitated by TotalEnergies, a French energy company, and the China National Offshore Oil Corporation, a Chinese state-owned enterprise. The transaction was completed using the Shanghai Petroleum and Natural Gas Exchange, a state-backed energy trading platform. About 65,000 tonnes of LNG originating from the UAE changed hands in the transaction TotalEnergies unveiled, stopping short of commenting on the value of the deal.

The use of the yuan in cross-border settlements could increase the currency’s internationalization and reduce China’s reliance on the US dollar. Additionally, it could provide a more convenient and cost-effective payment method for Chinese companies conducting international transactions, as well as loosen the greenback’s dominance in world trade.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

  1. Your PM, Mr Trudeau, when asked at a women’s business meeting what country do you most admire: He answered China. After crushing the trucker protests in Ottawa over a year ago, Beijing must be very proud of him.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Securing Antimony Amid China’s Export Curbs This Week

FULL DISCLOSURE: This is sponsored content for Hertz Energy. China’s decision to impose export controls...

Monday, September 9, 2024, 12:15:00 PM

‘The Big Short’ Michael Burry: Tesla’s Bitcoin Purchase Was A Distraction From Quality Control Complaints

Michael Burry, the infamous hedge fund manager who successfully predicted the US housing market collapse...

Wednesday, February 10, 2021, 05:39:00 PM

Twin Mine Collapse In China: At Least 11 Dead, More Missing

An open pit coal mine in China’s northern Inner Mongolia region collapsed on Wednesday, killing...

Monday, February 27, 2023, 05:19:00 PM

China Coast Guard Harasses Philippine Vessels in West Philippine Sea, Resulting In Collision, Minor Injuries

China Coast Guard (CCG) and Chinese militia vessels engaged in aggressive actions against Philippine boats...

Tuesday, March 5, 2024, 01:40:00 PM

No More TikTok For America: US Senator Looks To Legislate Ban On China’s ByteDance App

The United States might soon be saying goodbye to TikTok, the popular Chinese-owned video-streaming app...

Wednesday, January 25, 2023, 05:32:00 PM