China's natural gas prices and gas development studies16108.doc

《China's natural gas prices and gas development studies16108.doc》由会员分享，可在线阅读，更多相关《China's natural gas prices and gas development studies16108.doc（5页珍藏版）》请在三一办公上搜索。

1、Chinas natural gas prices and gas development studiesAbstract From the oil security, oil and natural gas alternatives and encourage the development of a strategic point of view, Chinas natural gas from development, transportation to the consumer, need to establish a fair, reasonable, coherent policy

2、 and regulatory environment. Specifically, there are five aspects: First, to break the regional monopoly, promote market-based natural gas industry; two natural gas price mechanism is to further the market; three dual-track system for resolving the issue of natural gas taxation policies; four two-tr

3、ack policy of cooperation to resolve the issue of natural gas; 5 to solve problems in the field of gas transportation. Key words natural gas prices; financial crisis; the policy and regulatory environment Natural gas as a clean, high quality and competitive energy and chemical raw materials, its ric

4、h resources, the development of fast, easy to use, also has a high economic benefit. Moreover, because of its carbon content is low, in line with the non-carbon energy development trend of the times. However, as the financial crisis sweeping the global, how to accurately determine the development tr

5、end of the financial crisis, how a comprehensive analysis of Chinas natural gas industry development status and business trends, natural gas industry is very concerned about the financial crisis situation issue. 1, the financial crisis before the gas prices at home and abroad To facilitate the resea

6、rch questions, first listed in the international market by 2006 natural gas prices (see table below). From the international market, foreign pipeline lower gas prices than oil, the European gas market price for oil 80% -90%, the United States, gas prices lower. Americas largest natural gas producer

7、chesapeake energy companys share price performance this year linked to oil and gas prices. With the recent commodity prices stabilized, natural gas stocks have begun to stabilize. EOGResDurces Inc, Penn WestEnergy Trust and Devon Energy Corporation shares experienced a drop in a few months, has rece

8、ntly basically stabilized. At present, Chinas only international crude oil and natural gas prices of domestic liquefied petroleum gas and other alternative energy sources can be half the price, while Japan, the European Union and the United States or the introduction of piped natural gas ex-factory

9、price of natural gas equivalent CIF price of international crude oil 80% -90%. Civilian in the eastern city of domestic liquefied petroleum gas prices for 5.5-7.5 yuan / kg, converted into natural gas price is 4.1-5.6 yuan / cu m, while residential natural gas prices in these cities is generally 2.1

10、-2.4 yuan / cubic meter, equivalent to half the price of liquefied petroleum gas. According to statistics, last year the oil in the domestic production of natural gas, natural gas, the countrys total output of nearly 80%. Second, the financial crisis on the impact of the global natural gas industry

11、(A) of the current situation of Chinas Natural Gas A user apathetic, demand plummeted. In the 21st centurys fastest-growing energy consumption, the current natural gas in Chinas energy consumption structure in the proportion is only about 4%, and only the most developed regional markets of Sichuan a

12、nd Chongqing areas the proportion has reached 14%, with Western developed countries. Judging from the current situation, the financial crisis on the impact of natural gas is extensive, it is obvious. Is well known, chemical, fertilizer, steel, automobile and other industries to use natural gas can b

13、e large, but these enterprises in the economic crisis, they enter a sluggish period, have cut or stop production, leading to demand for natural gas has plummeted. 2 price drop tolerance, the relevant industries affected. In November 2008, Shanghai residential users the formal implementation of the g

14、as price adjustment programs, natural gas price from 2.1 yuan per cubic meter raised to 2.5 yuan. Xinmin Internet users Italy survey, as many as 68% of people think: the financial crisis also raises its prices, not for the sake of the people. The economic crisis makes the residents of the capacity o

15、f natural gas prices decreased in the past economic environment may be an acceptable price in the current environment can no longer be accepted, Shanghai residents in Shanghai is precisely the reaction of natural gas prices confirm this point. As another example, second-line planning in the West-Eas

16、t natural gas prices scheduled for 3 yuan / cubic meters, when the residents along the route that can accept them. However, the economic crisis began, despite the various media are to actively promote the natural gas at high prices are reasonable, but the survey shows that residents began to express

17、 dissatisfaction at this price. In addition, due to the impact of the economic crisis, the National Development and Reform Commission was originally scheduled in the near future gas prices to adjust the plan has been delayed, this plan or even the short term will be canceled. In addition, LNG and ga

18、s-related projects, coal-bed methane and other industries are subject to different degrees of involvement. LNG project growth will slow in the past because of the high price is not gas source, is now the major international natural gas producing countries have reduced production of gas, making LNG p

19、rojects more difficult to get gas source. In addition, the gas on behalf of the oil and gas construction projects on behalf of coal will fall into stagnation. Henan Oilfield ongoing gas on behalf of the oil project as an example. If oil prices below 40 dollars, the coal price is lower than 1,000 yua

20、n, while gas prices remain unchanged, then natural gas on behalf of the oil, natural gas on behalf of the coals economic momentum will be greatly reduced. Clearly, now in such a detriment to the natural gas development in very unusual times. Challenges and opportunities are often co-exist, although

21、the negative impact of the economic crisis there, but no doubt nurtured an active factor. 3 the cost of substantially reduced terminal benefits. Opportunities mainly in three aspects. On the one hand, bulk commodities, steel and other raw materials prices are conducive to gas companies control costs

22、. Natural gas exploration and development, pipeline construction projects require large amounts of steel or import special pipe, steel demand in the financial crisis on the larger real estate, shipbuilding, automobile and other industries a significant impact, a direct result of significantly reduce

23、d steel demand and prices fall coupled with the increasing appreciation of the RMB exchange rate, reducing the pipe and other special materials procurement costs. 2, there were conducive to Chinas oil and gas companies overseas mergers and acquisitions and imports of natural gas negotiations. At pre

24、sent, the international financial crisis to Chinas oil and gas enterprises to increase the acquisition of overseas assets, to attract more overseas interests, or to the natural gas resources and opportunities. By the financial crisis, international oil prices drop, directly or indirectly linked to o

25、il prices in international natural gas prices have fallen. Decline in world demand for energy circumstances are conducive to the introduction of piped natural gas in China and LNC price negotiations. Thus, Chinas oil and gas enterprises should seize the opportunity to make full use of international

26、oil prices, commodity prices, falling asset prices, such as favorable opportunities worldwide search for a strategic investment and acquisition opportunities, and promoting companys rapid development. Three aspects, the financial crisis to Chinas natural gas industry policy provides the perfect oppo

27、rtunity. In the global economy faces the risk of recession, the world energy demand growth has slowed down, international oil prices adjusted downwards, for our country, this is the perfect natural gas prices and industry regulation policies opportunity. Chinas natural gas industry is in the develop

28、ment of strong period of the adverse factors, the economic crisis will not bring about the development of Chinas natural gas industry too much influence, we want to see the presence of favorable factors: First, the user of natural gas terminal benefits. Natural gas production and supply of lower cos

29、ts, so that end users can enjoy lower gas prices. At present, Chinas Guangdong, Fujian and other places of natural gas prices as high as 5 yuan / cubic meter. If the natural gas production and supply costs, they can be used for cheaper natural gas. Second, the scope of natural gas supply will be exp

30、anded. Although natural gas supply and demand situation of tension can not be reversed, but the economic crisis on the supply of natural gas will play a certain contradictions in the role of mitigation. Gas Consumption reduction of the main users of natural gas, so that some gas shortages in the reg

31、ion can not get past the gas source. To the Shanghai market as an example. Supply of natural gas is too concentrated, the main customers to reduce Gas Consumption, the supply of natural gas began to spread, the region is conducive to more stable supply of natural gas. Third, the development of LNG p

32、rojects is expected to usher in opportune time. Lower prices due to international procurement, Qingdao, Tangshan LNG terminal will be blessing in disguise, and reduce costs. And next year, oil prices have been declining, such an international oil and gas market conditions are conducive to procuremen

33、t to cheaper natural gas. Fourth, update the pattern of competition is conducive to re-shuffle. In recent years, the domestic gas market competition intensified, large corporations oligopoly game, brimming with confidence, wants to occupy a larger territory and natural gas sector. The arrival of the

34、 economic crisis, making anti-risk ability of small and medium enterprises may not be as large enterprises. The economic crisis has made business difficult for some sectors, divestment or closure of some SMEs, the crisis may cause some operators to use natural gas, poor performance of small and medi

35、um enterprises in trouble. Because of its abundant resources than large enterprises, financing is difficult in the management and technology advanced and sophisticated than large enterprises, so anti-risk capability is weak, the economic crisis turmoil is likely to make trouble, or even out of the m

36、arket. But from another perspective, the impact of the economic crisis on business related primarily to the industry, with little to do with the size of firm size. For example, natural gas, hydrogen, fertilizer and other industries, regardless of company size, influence is very obvious that a natura

37、l gas price volatility, both small and medium enterprises or large enterprises, and degree of impact depends primarily on the purchase price of natural gas in the user cost of the ratio. Economic crisis in favor of domestic market competition. At present, the status quo of Chinas gas market is the r

38、apid development of large companies, small companies to gain a foothold. The new Austria, in China, China Gas and other large enterprises account for a large share of the domestic market, PetroChina, China gas by virtue of resources, confidence, Sinopec is also actively developing gas industry. Howe

39、ver, large companies tend to pay attention to the market, for example, some coastal, river, along the city. PetroChinas slogan is less than 40 million people, in principle, to enter the city, and China Gas also said that the city less than 60 million people, in principle, to enter this as a direct r

40、esult of Chinas interior and some small cities lack access to natural gas. Therefore, the economically less developed areas need some small companies. The arrival of the economic crisis, due to large reduction of the original gas in Gas Consumption, so that had no gas supply to small companies can g

41、et gas source, the structural surplus to create opportunities for SMEs, gave birth to the initiation and development of small and medium enterprises. This provides a small companys development brings opportunities, but will also speed up the central region of China to spend the pace of clean energy.

42、 At present, there are no fewer than 10 in Hubei Province, such as small businesses. Reposted elsewhere in the paper for free download http:/ (B) the financial crisis on the impact of gas prices worldwide The recent Russia-Ukraine gas dispute, to get rid of political factors, economic interests behi

43、nd the dispute over the important factors. Russian Prime Minister Vladimir Putin chairing the Gas Exporting Countries Forum, said that because of the global financial crisis and the impact on production costs, natural gas prices started to rise. Putin is expected, the financial crisis hit the gas in

44、dustry over other energy sector, as the natural gas market is more a lack of vitality. Analysts also predicted that gas prices will fall in the short term, because it less necessary to suppress the world price. But in the long run, financial activities industry downturn may make it difficult financi

45、ng, making it impossible to maintain production. CWC World LNG Summit, the delegates believed that the financial crisis may affect the construction and development of new projects and led to emergence of liquefied natural gas supply crisis in the future. If you do not build more production plants as

46、 soon as possible, in the economic crisis, rebounded after the end of the demand, the world will face a serious crisis in the supply of liquefied natural gas. Construction of the new plant and start the next three years, the construction of new factories, along with slower growth in demand, meaning

47、that short-term fuel supply is very rich, making tight market in recent years, high prices eased. However, demand and financing problems in the context of uncertainty, lack of capital-intensive investment in new facilities, suggesting a more likely followed by a shortage of liquefied natural gas market. British Gas Group (BG Group), senior vice president of North American operations, said Elizabeth spomer, since most of the new supply project has been conceptualized since the lack of financial investment in new projects, it may make the industry in the next 10 years, a serious supply crisis.