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China introduces gas price reform

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02 July 2013

China introduces gas price reform

Report summary

On 28 June 2013, the NDRC announced the first nationwide gas price increase since June 2010. China will introduce a two-tier gas pricing system with separate city gate gas prices for existing and incremental supply. Under the announcement, city gate prices for existing gas supply will increase by around 15% while city gate prices for incremental supply will increase by up to 40% in some regions. The announcement is a boost for PetroChina. With rising volumes of Central Asian gas, ...

Table of contents

  • Executive Summary
    • Guangdong and Guangxi pilot project laid the groundwork for China's new pricing structure
  • June 2013 gas price reform announcement
  • The impact of gas price reform – positive for PetroChina
  • Conclusions
    • Gas pricing reform structure for incremental supply

Tables and charts

This report includes 6 images and tables including:

  • East China Reformed City Gate Price July 2013
  • Reformed Existing vs Incremental Price Split 2013
  • East China Reformed City Gate Price vs Imports
  • East China Reformed City Gate Price vs. WM WACOG
  • New China City Gate Gas Prices
  • China post-reform netback gas pricing structure

What's included

This report contains:

  • Document

    China introduces gas price reform

    PDF 537.70 KB

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