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Abstract China natural gas industry is at a turning point. Growth of mid-long term natural gas consumption
may maintain at about 10%, supply is sufficient or even “over-sufficient”, natural gas price will be determined by
competition, oil and gas pipeline facilities will be opened fairly, and private enterprises will play important roles in
natural gas exploration, development, storage, transportation, and trade. It can been foreseen that China natural gas
industry is very likely to take a turn in next 10 years, and a modern natural gas market with consumption about 500
billion cubic meters will come into being characterized by complete supervision system, diversified market, steady
supply, fairly opened pipelines, transparent trading mechanism, and competitive prices.
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2015, Vol. 22 
