Policy & Regulation

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% 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 0 20205
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...