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Jonathan Fenby, Bo Zhuang and Fergus Naughton

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China gas: The price is becoming right

Overview

The Chinese government in July announced reforms to the domestic gas pricing framework that combined a 15 per cent price hike with structural changes that open the way to further progress towards more market-based prices by the end of the current Five-Year Plan in 2015. Now is the time therefore to take stock of the drivers for gas price reform, and the investment opportunities stemming from the improving fundamental outlook. Our analysis is particularly focused on the period to...

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