18 March 2013 06:39 [Source: ICIS news]
SINGAPORE (ICIS)--China is expected to raise prices of natural gas supplied to liquefaction plants from May, many domestic liquefied natural gas (LNG) producers said on Monday.
The move is aimed to contain the rapid expansion in gas liquefaction capacity in the country as China has been seeing a large number of new liquefaction facilities coming on line in the past year, a north China-based LNG producer said.
The increment will likely range from yuan (CNY) 0.5/cubic metre (cbm) to CNY1/cbm, another LNG producer based in north China said.
Sources from major gas producers – PetroChina and Sinopec - could not be immediately reached for comments.
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