China’s new oil-linked gas price to benefit producers, importers: Bernstein
China’s new natural gas pricing system, which links gas prices to fuel oil and LPG prices, would benefit local producers and importers of piped and liquefied natural gas as well as promote domestic production, Bernstein Research said in a note Thursday.
The new pricing system will kick off in South China’s Guangdong and Guangxi provinces. There is no clear timeline on when the pricing reform would be introduced to South China or when it would be extended to the other regions.