China has secured a substantial supply of natural gas and vowed to stabilize prices this winter as demand spikes in the heating season, according to the National Development and Reform Commission (NDRC).
The country has unveiled measures to increase its natural gas supply, expand the gas pipeline network, improve gas reserves and pre-arrange stocks for peak demand, according to Meng Wei, a spokesperson for the NDRC.
“Currently, the gas supply is sufficient to satisfy the demand for civilian use,” Meng said, noting that the NDRC has pledged to strengthen monitoring and ensure stable gas prices throughout the winter heating season.
The commission also urged domestic gas suppliers to follow through with their contracts and ensure a stable gas supply.
The country’s gas output saw a year-on-year rise of 6.3 percent to 129.5 billion cubic meters in the first 10 months of this year. From January to October, imported gas reached 72.06 million tons, with an increase of 33.1 percent year on year.