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Policy & Regulation

China plots next big step for gas pricing reform

China is phasing out regulated provincial border prices in a wider move to liberalise its domestic gas market China is phasing out regulated provincial border prices in a wider move to liberalise its domestic gas market.
By Tang Tian 21 November 2019 Asia Pacific / Policy & Regulation 0 34808
A tunnel under the Amur River forming part of the Power of Siberia pipeline. (Gazprom)

The key issue: The Chinese authorities published this month a draft document containing 16 items that will be subject to government-regulated pricing - but citygate gas was left out for the first time in four years.

Interfax analysis: China’s proposed abolition of regulated pricing for the citygate – the point at which gas transported along long-distance pipelines arrives at the border of a province – would represent a milestone in the country’s gas market reforms.

The change, outlined by China’s National Development and Reform Commission (NDRC) in...