Policy & Regulation

Winter chill to drive up China prices, imports

Chinese gas demand is surging under Beijing’s drive to clear the nation’s notoriously smoggy skies, which could put supplies under strain this winter Chinese gas demand is surging under Beijing’s drive to clear the nation’s notoriously smoggy skies, which could put supplies under strain this winter.
By Colin Shek 11 September 2017 0 27517
Sinopec's Lichuan gas processing plant in Hubei province. Sinopec’s Lichuan gas processing plant in Hubei province. (Interfax)

China’s state gas giants will need to ramp up imports and hike their prices to stave off potential supply shortages this winter, industry analysts have told Interfax Natural Gas Daily.

Xu Bo, a senior economist at China National Petroleum Corp.’s (CNPC’s) Economics and Technology Research Institute (ETRI), predicted gas supply will be tight this winter. The country will need to employ a number of measures – including hiking prices for non-residential end-users – such as factories and power generators – as well as using stored gas,...