Policy & Regulation

Beijing converges citygate gas prices

Beijing plans to converge residential and non-residential citygate gas prices on Tuesday to create a unified price of RMB 1.88 per cubic metre
By Staff reporter 9 July 2018 0 31657

Beijing plans to converge residential and non-residential citygate gas prices on Tuesday to create a unified price of RMB 1.88 per cubic metre ($8.04/MMBtu), the local arm of the National Development and Reform Commission said in a notice on Sunday.

The sales price for residential gas in China’s capital will also be hiked by RMB 0.35/cm across all three usage tiers on the same day. This means the price of gas in the lowest usage tier will be RMB 2.63/cm, rising to RMB...