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在线翻译:
szdaily -> Business
Regions ordered to ‘regulate’ gas market
    2017-December-5  08:53    Shenzhen Daily

THE country’s top economic planner has ordered eight regions to meet with natural gas producers, liquefied natural gas (LNG) terminal operators and traders yesterday to “regulate” the market as prices of the clean fuel continued to soar due to the onset of winter heating demand, a government official said.

The meetings highlight the government’s concerns about rising gas prices amid its policy to shift millions of homes to gas heating from coal for the winter along with thousands of factories and businesses to combat air pollution.

Last week, the industrial provinces of Hebei and Shandong warned of gas shortages and ordered cuts to some industrial and commercial users.

The meetings should warn the market participants that the government will punish any companies found to be involved in manipulating prices or monopolizing the market, an unidentified official at the National Development and Reform Commission (NDRC) said.

The eight regions include top natural gas producing regions Shaanxi, Inner Mongolia, Xinjiang and Sichuan and major gas consuming regions Hebei, Jiangsu, Liaoning and Beijing, he said.

Wholesale prices of LNG ex-factory in Inner Mongolia were as high as 7,750 yuan (US$1,172) per ton and 8,050 yuan per ton in Shanxi yesterday, up from around 7,200 yuan a week ago, according to data from market.yeslng.com, an LNG price monitoring agency based in eastern China’s Jiangsu Province.

Domestic prices hit their highest since at least 2011 last week.(SD-Agencies)

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