Bloomberg News

Chinese Government Too Slow on Gas Plan, CNPC Commentary Says

December 03, 2012

The Chinese government was too slow to introduce a plan that seeks to regulate natural gas consumption, according to a commentary published in China National Petroleum Corp.’s online newsletter.

The rules that started Dec. 1 should have been implemented at the start of 2011, Liu Yijun, a professor at the China University of Petroleum’s Beijing campus, said on the front page of the newsletter today. The nation faces an oversupply of the cleaner-burning fuel even amid efforts to boost consumption to cut pollution, Liu said.

Under the new gas policy, the National Development and Reform Commission identifies groups of users that should be banned or restricted from burning the fuel, and others that should be given priority. The rules were introduced after a once-a-decade power shift that saw Xi Jinping and Vice Premier Li Keqiang take the top two positions in the Communist Party.

To contact Bloomberg News staff for this story: Chua Baizhen in Beijing at bchua14@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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