Analysis of Global Power Market

Analysis of China's Power Operation Market Analysis of Fuel Prices (2/3) Market Price of Natural Gas, China, 2013-2023E RMB per Cubic Meter Highlights 4.0 3.5 3.5 3.4 3.3 3.5 3.3 3.2 3.2 3.3 3.3 3.0 2.5 2.0 1.5 1.0 0.5 0.0 T T 3.3 3.3 Natural Gas CAGR(13-18) CAGR(18-23E) -0.3% 0.3% 2013 2014 2015 2016 2017 2018 2019E 2020E 2021E 2022 2023E Market price of natural gas decreased form with a CAGR of -0.3% during 2013 to 2018. Going onwards, market price of natural gas is anticipated to stay relatively stable, with a slight increase during the forecasted period. Due to central government's promotion on increasing the usage of natural gas and reducing carbon emission, i.e. the "Notice on Acceleration of Natural Gas Utilisation" by NDRC ( 然气利用的意见), market demand on natural gas is increasing, and applications inclusive of natural gas for power generation, industrial manufacturing, transportation are strongly encouraged. As the pricing mechanism for non- residential-use natural gas is to move further towards market driven, natural gas price is to increase in future. FROST & SULLIVAN Source: Frost & Sullivan 70

View entire presentation