Stay­ing Warm

Beijing Review - - THIS WEEK ECONOMY -

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.

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