Related Articles
Forward article link
Share PDF with colleagues

China slashes natural gas prices by 30%

LNG exporters will welcome the return of a major buyer, while domestic producers will be less happy with the change.

City-gate gas prices for non-residential users will fall from $11.55/m British thermal unit (Btu) (yuan 2.51/m³) to $8/m Btu from 20 November, according to the National Development and Reform Commission (NDRC), China’s top economic planner. China will also improve the market mechanism by allowing buyers and sellers to negotiate prices within a 20% range of the base price. But for the first year only downward revisions will be allowed. This flexibility could result in overall cuts as large as 50%, said Neil Beveridge, an Asian-focused gas specialist at research house Bernstein. The NDRC also plans to improve the transparency of non-residential gas prices by encouraging sellers and buyers to

Also in this section
Mexico's rainy-day fund
12 December 2017
The sovereign-wealth fund is a good idea—now it just needs some wealth to manage. The FMP’s executive coordinator spoke to Petroleum Economist
Qatar keeps calm, carries on
7 December 2017
The crisis is hurting the GCC as a whole, economically and politically, while the targeted country is hanging on
Energy security from east to west
6 December 2017
Oleg Budargin, Vice Chairman of the World Energy Council and former CEO of Rosseti, the biggest energy networks operator in Russia, tells World Energy Focus why it is important for countries to work together in the field of energy integration