By staff reporter Yang Yue
(Caijing.com.cn) China might have to implement a new natural gas pricing policy by year end as it becomes increasingly reliant on imports,christian louboutin, a source with China National Petroleum Corp. (CNPC),, the country's largest natural gas provider,louis vuitton pas cher, told Caijing on Aug. 5.
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In January,louboutin pas cher, the NDRC launched a new market-based pricing mechanism for oil that aims to ensure domestic prices more closely reflect changes in the global market. The commission has repeatedly vowed to implement a similar system for gas,jordan, which is currently priced irrespective of fluctuations in the international price of crude.
The NDRC determines the ex-factory price paid to gas producers and transportation fees paid to pipeline operators. Service fees paid to the regional gas companies that manage local infrastructure are set by local governments.
The pipeline,sac longchamp pas cher, which will have an annual capacity of 30 billion cubic meters,abercrombie france, will further boost the proportion of imported natural gas,louboutin, the source said,maillot de foot pas cher, adding that a new pricing policy "should be unveiled" when the line enters service.
1 yuan = 14 U.S.cents
Pressure to implement a more market-based system has risen steadily since 2007,christian louboutin pas cher, when China became a net importer of gas.
The National Development and Reform Commission (NDRC) caps the price of domestically produced gas at well below the market rate.
Full article in Chinese:
Pressure to implement a more market-based system will increase by the end of the year when a new pipeline linking central Asian countries to gas terminals in China becomes operational.
International gas prices rose alongside those of crude in the first half,air jordan, while domestic prices remained unchanged.
The CNPC source said that pressure will increase by the end of the year when a new pipeline linking central Asian countries including Kazakhstan,louis vuitton, Uzbekistan and Turkmenistan to gas terminals on the Chinese border becomes operational.
Gas imported via the pipeline will cost an estimated 2 yuan per cubic meter,abercrombie, well above the current ex-factory price of 0.93 yuan per cubic meter in China.
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