China orders regions to ‘regulate’ gas market as prices soar
Last week, the industrial provinces of Hebei and Shandong warned of gas shortages and ordered cuts to some industrial and commercial users.
By: Reuters | Beijing | Published: December 4, 2017 11:44 am
Domestic prices hit their highest since at least 2011 last week. (Representational Image)
China’s state planner has ordered eight regions to meet with natural gas producers, liquefied natural gas (LNG) terminal operators and traders on Monday to “regulate” the market as prices of the clean fuel soar due to winter heating demand, a government official said. The meetings highlight Beijing’s concerns about rising gas prices amid its policy to shift millions of homes to gas heating from coal for the winter along with thousands of factories and businesses to combat air pollution. Last week, the industrial provinces of Hebei and Shandong warned of gas shortages and ordered cuts to some industrial and
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