SINGAPORE, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced its facilitation of a high-level delegation from the China City Gas Association (the “CCGA”) to Singapore on August 26-27, 2025.
The delegation held discussions with Enterprise Singapore and the Asia Natural Gas & Energy Association (ANGEA) on opportunities to strengthen cross-border cooperation in the natural gas and energy sectors. Discussions focused on key issues driving sustainability and innovation across Asia's energy markets.
The two-day program highlighted the importance of advancing China-Singapore energy ties and examining market trends in sustainable energy transitions, including adoption of carbon-neutral LNG and biogas integration. As demand for cleaner energy in Asia continues to rise, these discussions underscored the role of public-private partnerships in building resilient energy markets.
The CCGA delegation, which represents China’s leading city gas distributors, engaged with Singapore policymakers and industry leaders to align on:
- Strengthening regional market infrastructure and leveraging Singapore’s robust trading ecosystem and infrastructure to facilitate secure and sustainable energy trade.
- Knowledge-sharing initiatives and potential partnerships in LNG infrastructure and decarbonization technologies.
- Exploring Abaxx Exchange’s solutions for risk management and price discovery within the LNG market.
"The growing demand for cleaner energy solutions presents a complex set of challenges for markets across Asia,” said Abaxx Exchange CEO, Nancy Seah. “By facilitating this delegation, we’re helping to connect key stakeholders and identify practical pathways to enhance market efficiency. Abaxx remains focused on enabling transparent, reliable market signals that support sustainable decision-making in the natural gas and energy sectors."
Mr. Ivan Tan, Director of Trade from Enterprise Singapore, added “Singapore is Asia’s energy trading hub. Energy companies from different parts of the world including from the United States, Europe and China base their trading operations in Singapore to access our talent, trade financing and shipping services, to trade with each other and with counterparties in Asia. Enterprise Singapore is pleased to host China City Gas Association’s visit and we look forward to more LNG and LPG companies setting up in Singapore.”
Asia Natural Gas & Energy Association CEO, Paul Everingham commented “ANGEA is delighted to join Enterprise Singapore in supporting this delegation from the China City Gas Association, hosted by our member company Abaxx Exchange. Gas plays a very important role in the energy transition in China's urban centres."
Mr. Ma Changcheng, Deputy Secretary General of the China City Gas Association, commented: "Singapore’s strengths in LNG and financial markets provide valuable insights for China’s gas sector modernization. We anticipate concrete synergies from this exchange.”
About Abaxx Technologies
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 we face 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 Pte. Ltd., 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.