China distributors hail impact of gas price merger
9 March 2015
Analysts were in general agreement the price convergence would benefit distributors. (Shenzhen Gas)
City gas operators in China have praised Beijing’s decision last month to merge two citygate gas price tiers into a single tariff – and have also tipped themselves to emerge as winners from the sooner-than-expected move.
The National Development and Reform Commission (NDRC) will lift state-regulated tariffs marginally on 1 April while cutting oil-indexed prices, with the unified price set to be lower overall.
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