De-Dollarization Ramps Up As China Receives First Yuan-Settle LNG...

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2023-05-19 13:50:22 - Translate -

The global worldwide de-dollarization continues to ramp up. China has now received its first yuan-settled LNG (liquid natural gas) shipment. The United States dollar’s life is dwindling. The state-owned China National Offshore Oil Corporation (CNOOC) announced the move on Tuesday. The company said it purchased 65,000 tons of LNG from the United Arab Emirates (UAE) and paid in yuan, not U.S. dollars.
https://www.activistpost.com/2023/05/de-dollarization-ramps-up-as-china-receives-first-yuan-settle-lng-shipment.html

The global worldwide de-dollarization continues to ramp up. China has now received its first yuan-settled LNG (liquid natural gas) shipment. The United States dollar’s life is dwindling. The state-owned China National Offshore Oil Corporation (CNOOC) announced the move on Tuesday. The company said it purchased 65,000 tons of LNG from the United Arab Emirates (UAE) and paid in yuan, not U.S. dollars. https://www.activistpost.com/2023/05/de-dollarization-ramps-up-as-china-receives-first-yuan-settle-lng-shipment.html

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De-Dollarization Ramps Up As China Receives First Yuan-Settle LNG Shipment - Activist Post

The company said it purchased 65,000 tons of LNG from the United Arab Emirates (UAE) and paid in yuan, not U.S. dollars.

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