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China is set to launch yuan-denominated LNG futures contracts on the Shanghai Futures Exchange next month, aiming to reduce reliance on Western pricing benchmarks and enhance energy security. This move comes amid a backdrop of U.S. trade policies affecting LNG imports, which are expected to rise by 12% this year. The new contracts will allow for better price discovery in the Chinese market and may challenge existing foreign pricing hubs. Analysts suggest that this initiative aligns with a shift towards a multipolar currency landscape in global trade.
U.S. natural gas futures fall 5% to $4.81 per mmbtu
