In the face of the rapid rise in LNG prices, the National Development and Reform Commission requested 11 regions to hold a notice of liquefied natural gas price regulation and policy on December 4, and submitted it to the Price Reform Bureau of the National Development and Reform Commission.
With the advent of the heating season this winter, news of gas explosions everywhere has been reported frequently.
According to the Hubei Daily News, natural gas in the province has been tight since November 22. In the past, Ningxia, Shaanxi and other places also heard similar news. Shaanxi Daily reported that the demand for natural gas in the winter heating period of the province increased, the gap between supply and demand expanded, and the pressure on natural gas supply and supply was relatively high.
The supply gap has caused prices to rise, the most direct is the price of LNG. Statistics from the National Bureau of Statistics show that from November 21 to 30, 2017, the price of liquefied natural gas (LND) in 24 provinces (autonomous regions and municipalities) was 5636.7 yuan per ton, an increase of 28.3% over the previous period, compared with the same period in September. The price has increased to 60.2%.
To this end, the National Development and Reform Commission recently issued a notice to uniformly deploy the relevant provincial, municipal, and municipal pricing authorities to immediately convene a warning meeting for LNG price regulations and policies, reminding all liquefied natural gas production and circulation enterprises and relevant social organizations in the jurisdiction to strengthen price self-discipline and regulate prices. behavior.
The 21st Century Business Herald reporter learned that the companies involved in the above-mentioned meeting involved enterprises in the main LNG production areas, the main receiving stations of imported LNG, and enterprises in the LNG sales area.
Lin Boqiang, director of the Energy and Energy Collaborative Innovation Center of Xiamen University, pointed out that the price of short-term LNG is rising rapidly, which is related to the conversion of coal to gas and heating in Hebei and other places. But this should be a partial tension, and two or three weeks should solve the problem.
LNG prices rose 60% in two months
The 21st Century Business Herald noted that the tight supply of natural gas has led to price increases and is now reflected in many areas. The largest increase is LNG.
Taking Hubei as an example, Wuhan Natural Gas Co., Ltd. has issued a notice. Recently, there has been a shortage of gas in the country. The company has launched an emergency plan for winter insurance supply. If the situation is further aggravated, it will adopt limited, time-limited and stop-off measures for industrial and commercial enterprises. Fully protect the demand for gas for people's livelihood.
On November 28, Baoding Xinao Gas Co., Ltd. released a message to various user units that the North Branch of PetroChina Natural Gas Sales has notified that since October 21, there will be no increase in natural gas supply resources. The Hebei Provincial Development and Reform Commission decided to start the province's natural gas demand side management mechanism, and entered the province's natural gas supply orange warning at 0:00 on November 28.
According to the National Bureau of Statistics, the national LNG price was 3129.1 yuan per ton on August 21-30, 2017, and the price was 3,519 yuan in September, 4337.4 yuan in October and 5636.7 yuan in November. According to this, the price of LNG in November was 80% higher than that in August, 60% higher than September and about 30% higher than October.
Why is the price of LNG rising so fast? Yang Fuqiang, senior adviser to the US Natural Resources Commission, pointed out that because residents use natural gas and industrial and commercial natural gas can not raise prices arbitrarily, but LNG as a supplement, taking the market auction price, so it rose quickly.
“The localities are accelerating the conversion of coal to gas. The more they go down, the more they will be added. This reduces the use of coal, but the demand for natural gas increases, and the actual supporting supply needs to keep up,†he said.
According to the National Bureau of Statistics, with the advancement of projects such as “coal to gasâ€, natural gas demand is strong, and production has maintained rapid growth this year. In October, natural gas production was 12.41 billion cubic meters, up 15.4% year-on-year; imported natural gas was 5.81 million tons, up 52.1% year-on-year, and the growth rate was 48.2 percentage points faster than that in September.
Miao Yingying, an analyst at Jinlian Chuangsheng Gas Market, pointed out that overall, the growth rate of China's natural gas demand is greater than the speed of natural gas supply. Since 2016, the country has changed from coal to gas, gasification, and coal heating to natural gas heating. The use of natural gas has increased significantly, so the overall consumption of natural gas has grown very fast, but the entire supply has not kept up with the development of consumption. Speed ​​has led to a situation of short supply.
The National Development and Reform Commission will announce the price
In the face of the rapid rise in LNG prices, the National Development and Reform Commission requested 11 regions to hold a notice of liquefied natural gas price regulation and policy on December 4, and submitted it to the Price Reform Bureau of the National Development and Reform Commission.
These areas include Shaanxi, Inner Mongolia, Ningxia, Xinjiang, Shanxi, Sichuan, Shandong, Liaoning, Jiangsu, Beijing, and Hebei. Participants include major liquefied gas production areas, related associations, and LNG main receiving station sales companies and associations, LNG sales area enterprises and related associations.
The National Development and Reform Commission reminded all LNG enterprises and related social organizations to maintain order in the industry, not to maliciously raise prices, not to swindle prices, to collude with each other, to manipulate market prices, to abuse market dominance, to achieve monopoly agreements, and to implement any other form. Price violations and price monopolistic behavior.
A gas industry expert pointed out that the current market is not lacking in natural gas, and the price is high and the market is tight. Some companies believe that the past natural gas price sales are too low, and this way, they can seek greater benefits. "In the end, the upstream companies hope to raise prices, and downstream companies want to buy cheap gas. The demands of the two sides are inconsistent," the source said.
According to the understanding, there are about 2 million households in the Beijing-Tianjin-Hebei region involved in coal-to-gas conversion this year. In addition, coal to gas in Shandong and Shaanxi will have millions of households. According to national policies, during the peak season of natural gas consumption in winter, the price of non-residential natural gas reference gates can be reduced by less than 20%.
Miao Yingying believes that this warning will not impose a practical limit on the price of natural gas. There is no minimum price and the highest price. It only serves as a reminder. The next step is to resolve the contradiction between supply and demand and increase the supply of natural gas. Gas capacity building.
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