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

This report is currently unavailable

This report is currently unavailable

Get this Insight as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

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 contains

  • Document

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

    PDF 505.26 KB

Table of contents

    • 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
    • Methodology

Tables and charts

This report includes 6 images and tables including:


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


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

You may be interested in

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898