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ID: bcf4dc5dc6236eb30b26b71c7eb751a2de5f11b391072aacddcbcdabc3fd2463

Publication: 03-04-2024 14:30:00

Titre: China Set to Scrap Natural Gas Price Caps to Support Distributors

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China’s top economic planning body has asked major natural gas distributors and local authorities to remove the fixed price caps for households by September, sources familiar with the discussions have told Bloomberg. The move is aimed at supporting China’s natural gas distributors, many of which have seen profits evaporate amid high import prices for LNG but a cap on household prices. So far, these distributors have not been able to pass on the higher costs of importing the gas to consumers.   The removal of the price cap… 

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