Natural gas supply situation is grim, natural gas prices increased by about 10%

With the advent of the winter guarantee period, the supply of natural gas has become more and more severe. Prices of natural gas in Beijing and Qingdao have been raised by more than 10%.
Two barrel oil have announced a few days ago, will take measures to increase natural gas supply this winter and spring tomorrow.
According to the national and provincial regulations on pipeline natural gas benchmark gate prices can go up 20% of the regulations and pipeline natural gas auction transactions and so on, the recent upstream gas companies raised the price of non-residential natural gas in Qingdao City, Qingdao City, according to the three districts of non-residential use Pipeline natural gas upstream and downstream price linkage mechanism, decided from November 15, 2017 onwards, to adjust the three districts of non-residential pipeline gas sales price management.
In addition, Beijing Municipal Development and Reform Commission also announced that it will raise Beijing non-residential natural gas prices during the heating season. According to the relevant provisions of the state on natural gas price reform and the situation of natural gas supply and demand in China, the price of gas stations for non-residential natural gas in the upper reaches of the city rose by 9.71% from November 15, 2017 to March 15, 2018, reaching 0.184 yuan / cubic meter Meter. During the winter heating season, Beijing non-resident natural gas sales price will be unified floating 0.16 yuan / cubic meter, the heating season ended, the lifting of the float.
The industry is expected, followed by more provinces and cities will raise gas prices.
In fact, the natural gas supply for the guaranteed winter period is expected to be raised this winter.
By the end of August, the NDRC issued a circular stating that since September 1, 2017, the price of non-residential natural gas gate stations in China has been reduced by 0.1 yuan / cubic meter.
Market participants believe that when natural gas prices down, Development and Reform Commission intended to promote the use of natural gas. This price can only be short-term maintenance, peak season will rebound during peak season.
Zhuo record information analyst Guojian to "Securities Daily" reporter said that overall, the winter during the period the price will remain at 10%, the increase range of 0.15 yuan / cubic meter -0.20 yuan / cubic meter . Upstream natural gas price increases will be apportioned by the downstream city gas and end-users. Compared with the winter natural gas price increase over the years, the market nature of natural gas prices will be more pronounced this year and the rate of increase will be significantly lower. Judging from the price increase only, Despite the rapid growth of natural gas consumption, the supply of natural gas has also been greatly enhanced.
Into November, the natural gas winter protection period officially began, the increasingly serious situation of natural gas supply. All natural gas suppliers have adopted the relevant insurance policy to actively respond.
To ensure that the market for the stability, Sinopec refinement for the measure to substantially increase the production of clean energy and natural gas supply. It plans to supply 15.1 billion cubic meters of natural gas this winter and next spring, an increase of 13.1% over the same period of last year.
Sinopec said that with the full implementation of the national environmental governance and the vigorous promotion of "coal to gas" in the north, the domestic natural gas market will have a sharp increase in demand this winter and next spring. After entering the heating season, the demand for heating gas in the north and that for power generation in the southern part of the country will increase substantially. In winter, the extreme weather will greatly increase the supply difficulty of the natural gas market. Sinopec adopted a number of effective measures to comprehensively enhance the winter natural gas market supply capacity.
In the meantime, PetroChina has also deployed ahead of schedule. As a result, the upstream and downstream departments have coordinated with each other and all departments have coordinated with each other. The four main gas supply areas in winter are now running at full capacity.
It should be noted that not long ago, PetroChina announced a new mechanism for price fixing of natural gas during the winter during the winter and introduced the concept of base amount and increment. At the same time, it stipulated that the price of natural gas rose 10% and the non-resident natural gas increased by some Exchange trading center access, pricing depends on the market.

Guojian also pointed out that 2017 is the turning point for China's natural gas from cold to heat. With the arrival of the winter heating period, the pressure on natural gas supply will become even more severe. In the meantime, it will also adjust the supply of natural gas with the price leverage Domestic natural gas market supply and demand balance.