my country has the conditions for establishing a natural gas benchmark price in regional areas
("China Energy News" July 11, 2011, Page 03)
Our reporter Yu Huan
7month8Day, as the founding of the w88 casino60As one of the anniversary series celebrations, the w88 casino held a guest professor appointment ceremony and a high-level roundtable meeting on China's energy theme. The event was hosted by the Foreign w88 and Economic Research Center for Energy Economics. Vice President Professor Zhao Zhongxiu issued visiting professor appointment certificates to six experts from the national energy leadership department, the two major state-owned oil companies and the energy consulting service industry. Dr. Wang Weihan, chief researcher and executive secretary of the Energy Economics Research Center of the w88 casino, presided over the meeting.
After the appointment ceremony, the six visiting professors hired as experts and scholars,“World energy market and China’s energy policy”gave speeches and exchanges on the major background, direction and forward-looking issues in the field of China's energy policy.
During the discussion session, the participating experts agreed that the current international energy consumption market is undergoing significant changes“Move eastward”, China's energy industry faces challenges in both core and unconventional technologies. Whether it is traditional unconventional fossil energy or green new energy, it is difficult to obtain core technology through market transfer. Whether China can occupy a place in the future energy industry, scientific and technological innovation is the key, and this problem can only be solved by the Chinese themselves. Contributions to energy in China are contributions to China, and contributions to China are contributions to the world.
Experts from China Petroleum Economics and Technology Research Institute said that to understand the new situations and new challenges emerging in the energy market, we not only need to master new dynamics and information, but also need to have a historical perspective, and we need to use deep-seated laws to understand reality. In the foreseeable future, traditional fossil energy will still be the main object of world energy consumption.
Experts from Sinopec Natural Gas Branch proposed that the natural gas market transaction process should be accelerated. Although China is the most important growth point of the world's natural gas w88, since there is no reference price that reflects the actual consumption price level of natural gas in my country, the price of imported natural gas is very high, which is very detrimental to the development of my country's natural gas industry. Under the premise that relevant policies are gradually improved, it is entirely possible to carry out spot trading of natural gas and gradually transition to futures trading, thereby forming my country's own benchmark price for natural gas w88, which will facilitate my country's bargaining power in determining the price of imported natural gas.
It can be seen from the three major natural gas markets in the world that the North American market is linked to U.S. pipeline natural gas.HenryHubPrices have been low, approx.5USD/Mmbtu;The European market is tied to heating oil, approx.8USD/Mmbtu;The Asia-Pacific market has long-term relationship with JapanJCCPeg, natural gas prices have been at a high level, and a premium has appeared, approximately12USD/Mmbtu. Japan is a country rich in natural gas resources, its purchase price does not represent the Asia-Pacific region, and its demand growth is also limited. Therefore, only my country has the conditions to establish a benchmark price for natural gas in the Asia-Pacific region. Therefore, accelerating the promotion and development of my country's natural gas spot trading market and gradually developing it into the futures market is of great significance for my country to obtain the pricing power of natural gas.
The Energy Economics Research Center of the w88 casino is the most active and influential energy economic policy research institution among domestic universities. In recent years, the center has maintained regular participation in energy policy issues such as fuel tax, domestic refined oil price reform, and international oil prices. It has attracted attention from the energy research community and has had a good social impact。
Link:http://paper.people.com.cn/zgnyb/html/2011-07/11/content_868385.htm
