Developing China's Natural Gas Market Policy Framework and Investment Conditions (Complete Edition - ISBN 9264198377)
Driven by an increasing recognition of the many advantages of natural gas and by the need to diversify its coal-dominated energy supply, China's natural gas industry is poised for rapid expansion. Some major gas infrastructure projects have been launched to support ambitious gas growth targets in the country for the next five years and beyond.
Meeting such targets is easier said than done: expensive gas faces sharp competition from cheap and abundant domestic coal; development of gas infrastructure needs money and will take time; and downstream market must be developed. For gas to achieve its full potential, China must put in place a clear gas policy and regulatory framework. All these pose significant energy policy challenges for the Chinese government.
This study describes China's gas market situation and examines the key issues facing its industry and policy makers. Drawing on the experiences and lessons from developed gas markets around the world and taking into account the specific circumstances of the Chinese gas market, it also offers a number of policy suggestions for the Chinese government to consider in its effort to boost the country's natural gas industry.
Page Count: 373
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Document Type: Review Article
Publication date: September 1, 2002