Gas Supply Security and Business Achievements
Natural gas Price Reform in 2010
ENN 新奥
Objectives
Further liberalise the natural gas market
Narrow down the difference between gas tariff in the PRC and the international market
Enhance the ability of importing LNG from overseas to further promote the utilisation of natural gas
Content
Raise the onshore benchmark wellhead price of
natural gas by RMB 230 per thousand m³ since 1
June 2010.
Policy
On 22 July 2010, the NDRC has promulgated the
Notice on Acceleating the Finalisation of Proposal
on Natural Gas Price Adjustment
Result
Tariff adjustment can be successfully implemented
to all projects with cost increment
Latest progress on tariff pass-through
Total number of PRC projects (as of Dec 2011)
No. of project with upstream tariff adjustments
Average upstream cost increment (RMB/m³)
104
26
0.29
No. of project with downstream tariff adjustments
for C/I customers
26
No. of project with downstream tariff adjustments
for residential customers
12
Average tariff increment (RMB/m³)
No. of project with automatic pass-through
22
0.36
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