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China’s natural gas prices fall again


China’s natural gas prices fall again

Report summary

On November 18th the NDRC announced that non-residential city-gate gas prices will be reduced by RMB0.7/m3 (US$3.10/mcf).  Prices can still be negotiated, with a cap of 20% above regulated prices but with no floor. The announcement also gives a green light to the Shanghai Petroleum and Gas Exchange to take on a major role in gas trading.

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Description

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