Natural gas price adjustment is approaching, ex-factory price or does not exceed 1.28 yuan / cubic meter
Time:2010-04-06 Read:2323second
Domestic natural gas prices change? Yesterday, PetroChina Vice President and secretaries to directorate LI Hua-lin said: Natural gas price increases may be in the near future.
This increase may be a foreshadowing of natural gas pricing mechanism reform. But even if the gas price increase domestic ex-factory price is not expected to exceed last year's Sinopec (600028 stock it) Puguang gas field in the base price of 1.28 yuan / cubic meter.
At yesterday's press conference LI Hua-lin of China Petroleum Shanghai accept the "First Financial Daily" reporters, said: "We understand there may be countries have recently adjusted the price."
After news that China's natural gas pricing mechanism introduced by the time scheduled for April 1 but was postponed for various reasons.
China Petroleum Finance Director Zhou Mingchun had also revealed "first price increase" market mechanisms for natural gas prices take a step "in the future of the price mechanism will eventually have to take the track of the market."
Many people familiar with the situation that they know about natural gas pricing mechanism in China may take the weighted average method that the method can solve the high gas prices overseas, domestic gas prices low. Newspaper reporter learned that China - Turkmenistan's natural gas pipeline to Xinjiang's gas price of about 2 yuan / cubic meter and domestic natural gas line to the base price of fertilizer is 0.58 yuan / cubic meter.
If the first to mention the recent adjustment of domestic gas price may be?
Sinopec last year Puguang gas field on the "East Gas Transmission" project Development and Reform Commission identified the pilot of the project 1.28 yuan / cubic meter base price of both supply and demand can fluctuate by 10%. The price of natural gas line than the 0.56 yuan to 0.96 yuan / cubic meter much higher.
Accordingly, a researcher in the investment securities of Development and Reform Commission if the price adjustment in the short term will not necessarily be adjusted to 1.28 yuan / cubic meter such a high position.
LI Hua-lin said: "The natural gas pricing, the key is set too low level of economic development the manufacturer has no motivation, then we can not sell high country is seriously active. We hope to reflect the natural gas supply and demand, scarcity and alternative, but certainly an slow, gradual rise of the process ultimately determined by the Development and Reform Commission. "
Domestic gas price is not too high, another reason is the producer of natural gas segment income was considerable. Reporter from China's oil earnings in 2009 to see its natural gas and pipeline segment's gross margin was 28% after the "exploration and production" plate 35.4% of the gross margin and the company's refining, sales and gross profit margin of only 8.4% 7.4%.
Investment securities in the researcher said: "In addition to the residents of this major natural gas users who are fertilizer companies. Southwestern and northern sudden temporary drought, rain and snow fertilizer business inventories high and prices are falling every day there have been serious losses. Gas prices too high, can not afford fertilizer business will be. "
LI Hua-lin said yesterday that gas prices will also depend on supply and demand. In terms of pricing in China is more important to take into account (downstream businesses and residents) acceptance.
In addition, the industry is expected to improve the Development and Reform Commission in April as gasoline and diesel retail price of a substantial increase in gas prices over the same period of the annual CPI at 3% target within the negative.
As the demand for natural gas too fast in a better way of market pricing is always a direction of the domestic gas supply and demand balance is good. LI Hua-lin said: "We expect demand for natural gas sales will be as rapid growth. According to the forecast of oil demand this year, the domestic natural gas to 105 billion cubic meters to about 2012 and 2015, respectively 150 billion cubic meters, 220 billion cubic meters." (Eugene Wong)