China’s first wholesale gas price cut for commercial and industrial users in nearly two years reflects Beijing’s intention to ensure gas demand growth maintains momentum in the second half of 2017, when coal combustion traditionally spikes to create intense smog.
The National Development and Reform Commission (NDRC) cut citygate prices by a flat rate of RMB 0.1 per cubic metre ($0.42/MMBtu) on Friday, a reduction of 5.5% from the previous national average that will save non-residential end-users at least RMB 7 billion ($920 million)...
Log in or register for a free trial to continue reading this article
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