Natural gas price reform may be set - old gas price new price
2021-04-29 14:03:53
A high-level Sinopec recently revealed at an internal meeting that China's natural gas price reform may be "old gas prices, new gas prices."
It has been alleged that the National Development and Reform Commission has recently met to study natural gas issues. The top level also said. In the future, the government may mainly manage pipeline transportation of natural gas prices. However, on June 10, the "First Financial Daily" reporter failed to get in touch with the National Development and Reform Commission.
An industry analyst believes that the direction of the reform may be that the natural gas that has already been put into operation will maintain its original price, and natural gas that will be built or imported in the future will likely be subject to new prices.
Negotiating pricing in the future According to Sinopec, China's natural gas prices are compared with the US market. Only about 30% of each other. Therefore, it seems that the price increase is imperative now. According to the above-mentioned high-level Sinopec revealed. In the future, natural gas will be negotiated by manufacturers and consumers.
If this line of thought is followed, then China's overseas LNG prices may be implemented at new prices in the future. This will solve the embarrassing situation that it is difficult for China to obtain long-term contracts for overseas LNG. In order to rationalize this emerging important energy price, and gradually move towards marketization.
In April this year. PetroChina signed natural gas supply agreements with Qatar Natural Gas and Shell. Foreign parties will supply 3 million tons of LNG to CNPC each year for a total of 25 years. Chinese companies had previously signed long-term supply agreements with LNG projects in Australia, Indonesia and Malaysia. However, some LNG terminals in China are under construction or under construction. A large number of overseas LNG contracts have not been finalized because the current international LNG prices are too high.
Guo Wei Junan researcher Yang Wei said that in order to solve the problem of the future dual-track operation of natural gas prices, that is, the issue of different prices of imported natural gas and domestic natural gas, it is necessary to advance the reform of natural gas prices.
Relevant news shows that the global LNG price has risen from the beginning of the year's $9.25/million British thermal units to the latest $11.45 per million British thermal units. Gao Hua Securities also predicts that the natural gas prices in the United States and the United Kingdom will continue to increase to 12.1 U.S. dollars per million British thermal units and 12.6 U.S. dollars per million British thermal units. The winter price in both places will reach 13.4 U.S. million British thermal units and 16.9 U.S. dollars. USD/million BTUs.
China Petroleum News reported that China imported 2.91 million tons of LNG in 2007, and the average utilization rate of Guangdong's LNG import terminals was about 78%. Long-term contract and spot purchase payment prices. Between $3.16 per million British thermal units and $8.6 per million British thermal units.
When Russian President Medvedev met Ukrainian President Yushchenko on the 6th in St. Petersburg, he also said that the price of natural gas Russia will provide for Ukrainians will double next year, namely, 400 US dollars/million cubic meters. Ukraine will therefore pay $10.8 billion more than this year.
However, in 2005, the National Development and Reform Commission of China has carried out the reform of the formation mechanism of natural gas ex-factory price. At that time, the National Development and Reform Commission stated that natural gas prices will maintain its market orientation. With change price form. According to the reform objectives, China's gas classification is divided into three categories: fertilizer production gas, direct supply industrial gas, and urban gas use gas. The natural gas ex-factory price is priced at two levels, and about 85% of the combined gas volume is used to implement a gas price. The National Development and Reform Commission stated that a gas price was gradually adjusted to the second-factory baseline price level in 3 to 5 years, and the first and second gas prices were finally achieved.
Natural gas prices are underestimated The role of natural gas in China's energy consumption is increasingly important. In 2010, China's natural gas demand will reach 140 billion cubic meters, and the proportion of natural gas in China's energy consumption structure will reach 5.3%.
Last year, China National Petroleum sold 43.6 billion cubic meters of natural gas, an increase of 22% compared to 2006. The sales revenue of the company's natural gas and pipeline business was 49.299 billion yuan, a substantial increase from the 38.642 billion yuan in 2006.
Oil companies have gained a share in the natural gas business, but the prices of their products have not risen significantly. In 2006 and 2007, the actual price of natural gas of Sinopec was 789 yuan / 1,000 cubic meters and 811 yuan / thousand cubic meters, Sinopec executives revealed that this year's natural gas price is estimated to exceed 900 yuan / thousand cubic meters. The National Development and Reform Commission said in 2005 that the second-grade gas ex-factory price was 980 yuan/million cubic meters. Sinopec believes that the current price of natural gas is underestimated.
PetroChina's gross profit margin for natural gas and pipeline business was 26.5%, which was second only to 49.2% of PetroChina's exploration and production business, and was higher than the 3.9% gross profit margin for refining and sales. However, under the premise that the current crude oil prices are rising and the special oil proceeds threshold has not yet been adjusted, whether the profitability of the natural gas business can be improved will also affect the future development prospects of the two major companies.
PetroChina stated that it will accelerate the construction of the four major oil and gas strategic channels in the northwest, northeast, southwest, and offshore, as well as the construction of the domestic backbone pipeline network, and strengthen the comprehensive balance of natural gas resources. The first phase of the Puguang Gas Field under construction by Sinopec will also be put into operation by the end of this year. Currently, the proven reserves of Puguang Gas Field are 356.072 billion cubic meters, which is the largest and most abundant large-scale integrated marine gas field in China.
It has been alleged that the National Development and Reform Commission has recently met to study natural gas issues. The top level also said. In the future, the government may mainly manage pipeline transportation of natural gas prices. However, on June 10, the "First Financial Daily" reporter failed to get in touch with the National Development and Reform Commission.
An industry analyst believes that the direction of the reform may be that the natural gas that has already been put into operation will maintain its original price, and natural gas that will be built or imported in the future will likely be subject to new prices.
Negotiating pricing in the future According to Sinopec, China's natural gas prices are compared with the US market. Only about 30% of each other. Therefore, it seems that the price increase is imperative now. According to the above-mentioned high-level Sinopec revealed. In the future, natural gas will be negotiated by manufacturers and consumers.
If this line of thought is followed, then China's overseas LNG prices may be implemented at new prices in the future. This will solve the embarrassing situation that it is difficult for China to obtain long-term contracts for overseas LNG. In order to rationalize this emerging important energy price, and gradually move towards marketization.
In April this year. PetroChina signed natural gas supply agreements with Qatar Natural Gas and Shell. Foreign parties will supply 3 million tons of LNG to CNPC each year for a total of 25 years. Chinese companies had previously signed long-term supply agreements with LNG projects in Australia, Indonesia and Malaysia. However, some LNG terminals in China are under construction or under construction. A large number of overseas LNG contracts have not been finalized because the current international LNG prices are too high.
Guo Wei Junan researcher Yang Wei said that in order to solve the problem of the future dual-track operation of natural gas prices, that is, the issue of different prices of imported natural gas and domestic natural gas, it is necessary to advance the reform of natural gas prices.
Relevant news shows that the global LNG price has risen from the beginning of the year's $9.25/million British thermal units to the latest $11.45 per million British thermal units. Gao Hua Securities also predicts that the natural gas prices in the United States and the United Kingdom will continue to increase to 12.1 U.S. dollars per million British thermal units and 12.6 U.S. dollars per million British thermal units. The winter price in both places will reach 13.4 U.S. million British thermal units and 16.9 U.S. dollars. USD/million BTUs.
China Petroleum News reported that China imported 2.91 million tons of LNG in 2007, and the average utilization rate of Guangdong's LNG import terminals was about 78%. Long-term contract and spot purchase payment prices. Between $3.16 per million British thermal units and $8.6 per million British thermal units.
When Russian President Medvedev met Ukrainian President Yushchenko on the 6th in St. Petersburg, he also said that the price of natural gas Russia will provide for Ukrainians will double next year, namely, 400 US dollars/million cubic meters. Ukraine will therefore pay $10.8 billion more than this year.
However, in 2005, the National Development and Reform Commission of China has carried out the reform of the formation mechanism of natural gas ex-factory price. At that time, the National Development and Reform Commission stated that natural gas prices will maintain its market orientation. With change price form. According to the reform objectives, China's gas classification is divided into three categories: fertilizer production gas, direct supply industrial gas, and urban gas use gas. The natural gas ex-factory price is priced at two levels, and about 85% of the combined gas volume is used to implement a gas price. The National Development and Reform Commission stated that a gas price was gradually adjusted to the second-factory baseline price level in 3 to 5 years, and the first and second gas prices were finally achieved.
Natural gas prices are underestimated The role of natural gas in China's energy consumption is increasingly important. In 2010, China's natural gas demand will reach 140 billion cubic meters, and the proportion of natural gas in China's energy consumption structure will reach 5.3%.
Last year, China National Petroleum sold 43.6 billion cubic meters of natural gas, an increase of 22% compared to 2006. The sales revenue of the company's natural gas and pipeline business was 49.299 billion yuan, a substantial increase from the 38.642 billion yuan in 2006.
Oil companies have gained a share in the natural gas business, but the prices of their products have not risen significantly. In 2006 and 2007, the actual price of natural gas of Sinopec was 789 yuan / 1,000 cubic meters and 811 yuan / thousand cubic meters, Sinopec executives revealed that this year's natural gas price is estimated to exceed 900 yuan / thousand cubic meters. The National Development and Reform Commission said in 2005 that the second-grade gas ex-factory price was 980 yuan/million cubic meters. Sinopec believes that the current price of natural gas is underestimated.
PetroChina's gross profit margin for natural gas and pipeline business was 26.5%, which was second only to 49.2% of PetroChina's exploration and production business, and was higher than the 3.9% gross profit margin for refining and sales. However, under the premise that the current crude oil prices are rising and the special oil proceeds threshold has not yet been adjusted, whether the profitability of the natural gas business can be improved will also affect the future development prospects of the two major companies.
PetroChina stated that it will accelerate the construction of the four major oil and gas strategic channels in the northwest, northeast, southwest, and offshore, as well as the construction of the domestic backbone pipeline network, and strengthen the comprehensive balance of natural gas resources. The first phase of the Puguang Gas Field under construction by Sinopec will also be put into operation by the end of this year. Currently, the proven reserves of Puguang Gas Field are 356.072 billion cubic meters, which is the largest and most abundant large-scale integrated marine gas field in China.
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