Chinese reforms may cut consumer gas prices

China plans to merge citygate prices for residential and non-residential users with changes that could reduce end-user prices by 20%
By Tang Tian 9 May 2016
Sinopec HQ. Upcoming reforms may remove pipeline and storage infrastructure from the company. (Sinopec)

End-user gas prices in China could fall by 20% after Beijing unveils the next round of pricing reforms later this year. Changes will include merging citygate prices for residential and non-residential gas, according to a top government policy researcher.

The State Council, China’s cabinet, is preparing guidelines for unifying citygate prices by hiking residential costs and cutting industrial prices until they are level, Guo Jiaofeng, an expert with the Development Research Centre of the State Council, told Interfax Natural Gas Daily.

The first part of...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up