Abstract

With the further development of new types of industrialization and urbanization in China, the environmental deterioration and energy safety problems have been increasingly prominent. As a clean, efficient and high-quality energy source, natural gas has ushered in unprecedented development opportunities. In recent decades, the natural gas consumption has kept high-speed growth in China, but its proportion in the energy consumption structure still has a long way to go to reach the international average level, which is mainly ascribed to the not perfect enough market-oriented reform of natural gas price. Natural gas price reform is not a simple project, but instead, it is complicated as it needs to integrate the reform in the natural gas industry chain, management system reform and market supervision of natural price in different phases. Therefore, promoting the natural gas price reform and establishing a perfect supervision system is the only way to ensure China’s energy safety and realize the transformation and development of low-carbon economy. In this research, the current situation and problems existing in the natural gas price reform in China were analyzed, and the concrete solutions specific to the natural gas industry chain, pricing and market supervision.

Highlights

  • In the development phase with accelerated industrialization and urbanization, the energy safety problem and environmental deterioration problem, etc. have been increasingly prominent due to the everincreasing energy needs in China

  • During the sensitive period featured by the pursuit of low-carbon economic development and great transformation of energy environment, natural gas has become a high-quality alternative energy source by virtue of high efficiency, cleanness, low carbon, environmentally friendly nature, etc

  • Combining the status of the natural gas industry with countries processing relatively complete international natural gas markets, Zhao H analyzed the pricing patterns and development courses of natural gas industry in typical countries such as America, Russia and Britain, and proposed the policy orientation suitable for the natural gas price reform in China, which would be of certain reference significance for the city gas industry and enterprises within the industry to cope with the price reform in progress

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Summary

Introduction

In the development phase with accelerated industrialization and urbanization, the energy safety problem and environmental deterioration problem, etc. have been increasingly prominent due to the everincreasing energy needs in China. During the sensitive period featured by the pursuit of low-carbon economic development and great transformation of energy environment, natural gas has become a high-quality alternative energy source by virtue of high efficiency, cleanness, low carbon, environmentally friendly nature, etc. In China, the natural gas consumption reached 308 billion cubic meters by the end of 2019, accounting for 8.1%. As the goals with respect to peak carbon dioxide emissions and carbon neutral are proposed in China, and the shale gas revolution is initiated in America, natural gas, an important member in the optimized energy structure, will become a great force propelling the energy production and consumption revolution and building a modern clean, safe and efficient low-carbon energy system in China. Year-on-year growth rate of natural gas output Year-on-year growth rate of consumption

Literature Review
Current Situation of China’s Natural Gas Market
Problems Existing in China’s Natural Gas Price Reform
Suggestions on China’s Natural Gas Price Reform
Findings
Conclusion

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