subject: Natural Gas Price Mechanism Is Expected To Launch This Year - Cri Tester - Cp-60 Current Probe [print this page] China Petroleum Economics and Technology Research Institute published "2009 Report of domestic and international oil and gas industry." China Petroleum Technology Research Institute, the oil market economy Dai said he was in 2010, the formation mechanism of oil and gas prices will be further adjusted and perfected. The new natural gas pricing mechanism for the lower gas prices are expected to take advantage of international opportunities seized the opportunity to meet the natural gas and natural gas resources to effectively take over the supply of a wide range of requirements, and further rationalize the price, and guide rational consumption.
China Petroleum Economics and Technology Research Institute Liu Keyu, vice president, said the parties from the current situation as reflected in the new mechanism's basic idea is to consider the stock of an integrated gas and new gas, domestic gas and imported gas, into the long-distance pipeline gas and do not enter long-distance gas pipeline network will be ex-factory prices, and pipeline transportation pricing to development of an integrated gate prices over the provinces. In recent years, China's gas development into the rapid growth phase, in 2009 from January to November reached 77.3 billion cubic meters of natural gas production is estimated that annual production will reach 89.6 billion cubic meters, up 11%; is expected to complete by 2010 domestic gas production capacity will increase 340 billion cubic meters / year, natural gas production is expected to nearly 100 billion cubic meters. Pipeline gas and LNG imports will be more than 10 billion cubic meters, natural gas consumption is expected to exceed 100 billion cubic meters.
With the growth of natural gas supply is expected in 2010 domestic gas consumption is expected to reach 105 billion cubic meters or so, in 2015 and 2020 natural gas demand to grow further to 250 billion and 3100 billion cubic meters. "Report" forecast for this year will be an important adjustment of China's energy policy years, a high-level National Energy Commission, under the impetus of "Energy Law" is expected to put; focus on low-carbon development, the state may launch a series of energy-saving and new energy to develop new emissions reduction policy; a new gas price formation mechanism will be introduced in due course.
From the international market, the price of natural gas last year, U.S. and European markets fell sharply the next two years the United States and Europe is expected to market gas prices will remain at a relatively low level of LNG in Asia and Europe, and the price of oil pipelines linking gas import prices also face downward pressure. "Report" noted that the decline in natural gas demand and prices weak, a large number of new LNG projects are put into the creation of a buyer's market in the near future; but in 2007-2008 the newly approved projects, or very little FID is expected after 2010 until 2014 the world's new LNG capacity is limited, the problem of insufficient supply capacity may occur.
Dai said he was, gas phase unbalanced growth is the rapid growth in the period of universal law. Resource development and market development is difficult to balance, gas storage peaking facilities lagging behind, the low natural gas prices to stimulate demand for rapid growth in the South are the new changes in the demand for heating, therefore, timely introduction of natural gas prices during the year is expected to formation mechanism.
