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

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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 ...

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    PetroChina the big winner from Chinas gas price reforms.xls

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Table of contents

Tables and charts

This report includes 6 images and tables including:

Images

  • Wellhead price by asset (nominal terms)
  • Pre-reform price vs reform price
  • NPV increment in different roll-out scenarios

Tables

  • Changes in value*, by region/basin
  • Changes in value*, by field
  • Changes in total upstream value in China, by company

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