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China introduces gas price reform
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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
-
Background
- 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
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Appendix
- Gas pricing reform structure for incremental supply
Tables and charts
This report includes 5 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
- China post-reform netback gas pricing structure
What's included
This report contains:
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