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Cities to raise natural gas prices

(Shanghai Daily)
Updated: 2007-04-05 14:41

He said China is studying building pipelines to import cheap gas from countries like Myanmar.

Bai Lanjun, an economist at PetroChina's gas research unit, said he has learnt from the company headquarters and theNational Development and Reform Commissionthat the gas prices will also rise in other cities soon.

"Concerning inflation and low-incomers, the rise in gas prices will happen several times rather than being a one-off move," Bai said.

Shanghai and other cities have yet to announce how much gas prices will rise. But the local price authority has held a hearing last year on creating a flexible pricing mechanism for natural gas.

The trend is that domestic gas prices will move towards global level and follow oil rates, Liu said.