Abaxx Exchange, Zhonggong to explore LNG partnership

Mr. Steve Fray reports ABAXX EXCHANGE AND ZHONGGONG NATURAL GAS EXPLORE LNG PROCUREMENT PARTNERSHIP Abaxx Technologies Inc.'s Abaxx Exchange and Zhonggong Petroleum & Natural Gas Co. Ltd. intend to explore a partnership in liquefied natural gas (LNG) procurement and related trading services. The co-operation is expected to connect Zhonggong's growing infrastructure footprint in Shandong and Yunnan -- representing $640-million (U.S.) in strategic LNG investments -- with Abaxx Exchange's trading infrastructure, international supplier network and market information services. Through this framework, the partnership aims to support reliable LNG procurement, improve access to transparent pricing and risk management tools, and strengthen logistics connectivity between international suppliers and China's demand centres. Key focus areas of the partnership are expected to include: Facilitating LNG procurement: establishing procurement channels to connect Zhonggong's infrastructure projects in Shandong and Yunnan with overseas LNG imports, delivered via domestic ports through purchases facilitated on the Abaxx Exchange in Singapore; LNG price discovery and risk management: providing access to Abaxx's trading infrastructure, market data and risk management tools to manage market volatility and support more efficient commercial decision-making; Logistics and co-operation framework: strengthening logistics co-ordination and market connectivity within China to support the delivery and distribution of LNG, with opportunities for further collaboration over time. "China's LNG demand growth is reshaping global trade flows, and Zhonggong's investments in Shandong and Yunnan highlight the importance of developing reliable new demand centres," said Nancy Seah, chief executive officer of Abaxx Exchange. "Abaxx Exchange has built the regulated marketplace and physically backed forward curve needed to connect partners like Zhonggong with international supply, supporting better price discovery and stronger market access for LNG participants. "As we expand our LNG infrastructure in Shandong and Yunnan, working with Abaxx Exchange connects us to a regulated global marketplace with the only physically backed LNG forward curve trading today," said Zhang Huanran, chief executive officer of Zhonggong Petroleum & Natural Gas. "Through this co-operation, we are focused on securing stable, high-quality LNG supply to support the growth of our operations and to advance more efficient, lower-carbon energy solutions." About Abaxx Technologies Inc. Abaxx Technologies is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges the company faces as a society, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot. Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally cleared, physically deliverable futures contracts in LNG, carbon, battery materials and precious metals, meeting the commercial needs of today's commodity markets and establishing the next generation of global benchmarks. Abaxx Spot modernizes physical gold trading through a physically backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers and is designed to support physical delivery for Abaxx Exchange's physically deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets. Adaptive infrastructure closes critical gaps in posttrade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement and transfer agency services designed to reduce risk and improve reliability across asset classes. We seek Safe Harbor.