| |
6 Pages

PetroChina - the big winner from China's gas price reforms

PetroChina - the big winner from China's gas price reforms

Report summary

On 28 June 2013, China's National Development and Reform Commission (NDRC) announced a new two-tier gas pricing system for all onshore and imported gas, and an increase in city-gate prices for all non-residential sectors.  City gate prices for contracted volumes remain fixed and regulated, but have been increased by 15% (to an average US$8.90/mcf).  However, for incremental volumes (above 2012 contracted levels) the reform has indexed the price to LPG and fuel oil across the entire country,...

What's included?

This report includes 2 file(s)

  • PetroChina - the big winner from China's gas price reforms PDF - 505.26 KB 6 Pages, 3 Tables, 3 Figures
  • PetroChina the big winner from Chinas gas price reforms.xls XLS - 173.00 KB


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive Summary
    • NDRC reforms domestic gas pricing
    • Impact of reforms
    • Increased wellhead prices
    • Enhanced asset value
    • Sulige field is the biggest winner
    • Everyone's a winner
    • 2016 might be an ambitious target
  • Appendix
    • Methodology

In this report there are 6 tables or charts, including:

  • Executive Summary
    • Wellhead price by asset (nominal terms)
    • Changes in value*, by region/basin
    • Changes in value*, by field
    • Changes in total upstream value in China, by company
    • Pre-reform price vs reform price
    • NPV increment in different roll-out scenarios
  • Appendix
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.