Recently, China National Offshore Oil Corporation (CNOOC) has once again made a significant move in the international energy market by reaching a high-profile trade agreement for Liquefied Natural Gas (LNG) with Thailand's International Petroleum Trading Company. This collaboration not only highlights CNOOC's important position in the global energy market but also draws attention to the decision to use the Chinese Yuan as the settlement currency, an innovative step that undoubtedly adds new luster to CNOOC's influence on the international stage.

It is understood that CNOOC's LNG trade cooperation with Thailand's International Petroleum Trading Company is another significant outcome of its efforts to deepen international cooperation and expand into international markets. As an energy giant in the Asian region, CNOOC has been committed to promoting the diversification and sustainable development of the global energy market. This cooperation will not only help to consolidate CNOOC's leading position in the Asian market but also set a new benchmark for its presence in the international energy market.

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It is noteworthy that the choice of the Chinese Yuan as the settlement currency is a first in CNOOC's international trade cooperation. This move not only reflects CNOOC's firm support for the internationalization of the Chinese Yuan but also demonstrates its flexibility and innovation in international trade. By adopting Yuan settlement, both parties can effectively reduce exchange rate risks, improve transaction efficiency, and further promote the facilitation and liberalization of trade.

CNOOC's move also aligns with the current trend of diversification in the international monetary system. As the global economy continues to develop and the international monetary system evolves, the status of the Chinese Yuan as an international currency is gradually rising. CNOOC's adoption of Yuan settlement not only helps to enhance the influence and recognition of the Chinese Yuan in the international market but also provides a valuable reference and example for other Chinese companies to use Yuan settlement in international trade.

Looking ahead, CNOOC will continue to uphold the principles of openness, cooperation, and mutual benefit, actively participate in international energy trade cooperation, and promote the prosperity and development of the global energy market. At the same time, CNOOC will also continue to strengthen energy cooperation with Southeast Asian countries such as Thailand, jointly promoting the interconnection and sustainable development of regional energy markets.

The LNG trade cooperation between CNOOC and Thailand's International Petroleum Trading Company not only opens a new chapter for CNOOC in using the Chinese Yuan for international trade settlement but also showcases a more open, confident, and innovative image for Chinese companies on the international stage. In the future, CNOOC will continue to shine in the international energy market, contributing more to China's energy security and economic development.