China's gas price at wellhead set to increase

摘要

Singapore-China's domestic natural gas prices will continue to rise 10% a year at the wellhead over the next five years, driven up by expensive imports and further reform of well- head prices in the country as the government seeks to encourage local gas development over imports, according to a research note pub- lished December 8 by Bernstein Research. "Urban disposable income growth will con- tinue to outpace end-user gas price growth, meaning residential customers can afford higher gas prices...