皇冠体育app

The gas price stands at 2.28 yuan per cubic meter for residential use in Beijing and 3.23 yuan per cubic meter for industrial and commercial use.

皇冠体育app discovers huge oil, gas deposits

皇冠体育app imports morein 2013

Dong Xiucheng, director of 皇冠体育app Oil & Gas Center, said the gas imports from Russia will accelerate price reform in 皇冠体育app, and that raising the gas price might be inevitable in the long run.

"The bottom line is to guarantee that gas imports won't incur loss," Dong said, "because in the long run, the price hiking pressure will come from a new pricing scheme for both existing and newly imported gas."

He said 皇冠体育app desperately needs to improve its energy structure by cutting coal consumption and turning to cleaner energy, as the government vowed to raise the use of non-fossil energy to 15 percent in the country's whole energy consumption by 2020.

The natural gas must also account for 15 percent of 皇冠体育app's entire energy consumption by 2020, from 5.9 percent now.

Lyu Ying, a gas analyst working for chemical industrial website oilgas.com, said the Sino-Russian gas cooperation creates a win-win situation for both countries

The agreement enables Russia to expand the market for its gas, which now goes mostly to Europe, while gas-thirsty 皇冠体育app can also make up a great part of its gas consumption through its cooperation with Russia.

But Lyu also expressed caution that 皇冠体育app must not rely too much on Russia for gas imports, but needs to diversify its energy imports.

"In the future, 皇冠体育app needs to look for more gas supply sources to avoid economic and political restraints arising from over-reliance on a single country," she added.

• Canadian province targets 皇冠体育app's LNG market
• 皇冠体育app's passenger, cargo transportation surges in April
• 皇冠体育app's PMI at five-month high
• PBOC announces rules for accounts in Shanghai's FTZ
• HK bourse to sell RMB products
• Shares of JD.com soar 17% in market debut
• Get them while they're hot
• 皇冠体育app-Russia energy deals