China plans to launch LNG futures in yuan as it aims to hedge against volatile prices and have more power over global LNG pricing. The futures could be launched on the Shanghai Futures Exchange (ShFE) as soon as February, Reuters reported on Friday, quoting sources familiar with the plans. The Shanghai Futures Exchange has sought for years to launch yuan-denominated futures of key commodities, including LNG and nickel, to seek a role for China in the global pricing of the major Chinese commodity imports. The biggest global LNG markets are linked…