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Insiders: Natural gas price to jump

(chinadaily.com.cn)
Updated: 2009-08-07 14:51

The price of natural gas will rise in China, as the country steps up pricing reforms on natural resource products, industrial experts told the Chinanews.com.cn.

Related readings:  Sudden fuel price hike ruled out  Customer sprays tear gas to protest high price  Annual gas consumption to reach 400b cubic meters by 2030  CNOOC to hike natural gas production

Niu Li, a senior researcher at the State Information Center, said that natural gas price is to be raised, but the adjustments would be made on a low basis, as the natural gas prices were previously very low.

The move will not fuel inflation, and the government will ensure household use first, said Zhou Dadi, director of the Energy Research Institute of the National Development and Reform Commission.

But enterprises that use the natural gas as fuel would feel the price jump, said Zhou.