Related Articles
Forward article link
Share PDF with colleagues

China pushes natural gas price reforms

The country has announced a price rise as part of wider reforms to bring the sector in line with the international market

China has announced its second major natural gas price increase in as many years as the country moves ahead on reforms to bring domestic natural gas prices into line with international market prices. The National Development and Reform Commission (NDRC), China’s powerful economic planning regulator, said that starting 1 September wholesale prices for non-residential users will rise by 20.5%, around 0.4 yuan ($0.06) per cubic metre (cm). The price rise will only apply to existing supplies. The move will bring prices up to 2.35 yuan/cm, equivalent to around $10.81 per 1,000 cubic feet. That is more than double US natural gas prices but still significantly lower than liquefied natural gas (LNG)

Also in this section
Nigeria's election hangs over energy sector
19 April 2018
Africa's biggest economy is growing again. But next year's vote is stalling reform and investment in its crucial energy sector
Syria: ruthless business as usual
18 April 2018
The joint US-UK-French strikes on chemicals targets in Syria won’t affect the war—but they could damage Trump's image in the region
Elections a new rupture point in Venezuela crisis
16 April 2018
A Maduro loss in May's election could be a turning point, but recovery will be lengthy