French Energy Giant TotalEnergies Makes LNG Deal With China That Bypasses The US Petrodollar - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title French Energy Giant TotalEnergies Makes LNG Deal With China That Bypasses The US Petrodollar, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : French Energy Giant TotalEnergies Makes LNG Deal With China That Bypasses The US Petrodollar
link : French Energy Giant TotalEnergies Makes LNG Deal With China That Bypasses The US Petrodollar

French Energy Giant TotalEnergies Makes LNG Deal With China That Bypasses The US Petrodollar

China is trying to have its currency, the renminbi yuan, replace the US dollar as universal means of payment in international trade. Reuters 

RFI: 'Petrodollar' at risk as TotalEnergies sells LNG to China in yuan 

Chinese and French energy companies this week finalised the first-ever deal on liquified natural gas (LNG) in China settled in the renminbi yuan currency. The trade, involving 65,000 tons of LNG imported from the United Arab Emirates, marks a major step in Beijing's attempts to undermine the US dollar as universal "petrodollar" for gas and oil trade. 

Yu Jin, the general manager of the China National Offshore Oil Company (CNOOC,) which closed the deal with TotalEnergies, says global resource procurement based on the yuan could "promote the globalisation of energy trading and build a more diversified ecology."  

Read more .... 

Update #1: China completes first yuan-settled LNG trade (Reuters) 

Update #2: Goodbye US Dollar: China, France Complete First LNG Transaction In Yuan (The Deep Dive) 

WNU Editor: I must confess that the speed at which the US dollar is being replaced as the global reserve currency is astounding. And as the above report reveals, even US allies are making deals bypassing the US petrodollar.

Thus Article French Energy Giant TotalEnergies Makes LNG Deal With China That Bypasses The US Petrodollar

That's an article French Energy Giant TotalEnergies Makes LNG Deal With China That Bypasses The US Petrodollar This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article French Energy Giant TotalEnergies Makes LNG Deal With China That Bypasses The US Petrodollar with the link address https://todaysand.blogspot.com/2023/04/french-energy-giant-totalenergies-makes.html

Tweet

Subscribe to receive free email updates: