China's gas market under new situations: Trends and countermeasures – Taking Sichuan and Chongqing gas provinces as an example
The world oil and gas market has entered a new period of low oil prices, which has inevitably affected the natural gas market in China. So, it is urgent to timely study the market trends and to actively seek for appropriate countermeasures. In this paper, the development trends of China's gas m...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
KeAi Communications Co., Ltd.
2016-05-01
|
| Series: | Natural Gas Industry B |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352854016300523 |
| _version_ | 1797287562000203776 |
|---|---|
| author | Zi'ang Jiang Fuping Wang Yanzhi Duan Jian Zhou |
| author_facet | Zi'ang Jiang Fuping Wang Yanzhi Duan Jian Zhou |
| author_sort | Zi'ang Jiang |
| collection | DOAJ |
| description | The world oil and gas market has entered a new period of low oil prices, which has inevitably affected the natural gas market in China. So, it is urgent to timely study the market trends and to actively seek for appropriate countermeasures. In this paper, the development trends of China's gas market under the situations of New Normal and low oil prices were analyzed from the perspective of sustainable development of the natural gas industrial chain and market, by taking the Sichuan and Chongqing gas provinces as an example, which are of representative and of great significance to China in its natural gas market. The following trends were identified. First, the gas market reform will be deepened. Second, the competition among major market players will be intensified. Third, supply will exceed demand. Fourth, export tasks will be difficult. Fifth, higher demand of “guarantees of the minimum GDP, tax and profit” will be raised for local government. And sixth, low-cost strategy will be indispensable to oil and gas enterprises. In order to cater to these trends, some countermeasures were presented during the 13th Five-Year Plan. First, to improve the natural gas market system, to strengthen the supply-side reform, to complete market development modes, and to promote the introduction of governmental policies for relevant industries. Second, to develop the efficient gas-consuming clusters such as industrial parks, LNG-fueled vehicles and vessels, and distributed energy sources system, to establish innovative marketing strategy systems, and to boost the localization of resource consumption, through the establishment of strategic alliances for natural gas terminal markets in partnership with local governments and competitive enterprises, while the Chinese government is intensifying efforts in promoting energy conservation and pollution reduction and haze control. Third, to improve the cobweb pipeline network system, and to establish the strategic reserve system. And fourth, to make greater efforts to deepen internal reforms, to cut costs in a sustainable way through technological and managerial innovation, so as to respond to any changes in the natural gas market as a result of low oil prices. |
| first_indexed | 2024-03-07T18:35:08Z |
| format | Article |
| id | doaj.art-543ae62d354d4510989320f9cd0830c2 |
| institution | Directory Open Access Journal |
| issn | 2352-8540 |
| language | English |
| last_indexed | 2024-03-07T18:35:08Z |
| publishDate | 2016-05-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | Natural Gas Industry B |
| spelling | doaj.art-543ae62d354d4510989320f9cd0830c22024-03-02T05:00:04ZengKeAi Communications Co., Ltd.Natural Gas Industry B2352-85402016-05-013318719410.1016/j.ngib.2016.05.002China's gas market under new situations: Trends and countermeasures – Taking Sichuan and Chongqing gas provinces as an exampleZi'ang JiangFuping WangYanzhi DuanJian ZhouThe world oil and gas market has entered a new period of low oil prices, which has inevitably affected the natural gas market in China. So, it is urgent to timely study the market trends and to actively seek for appropriate countermeasures. In this paper, the development trends of China's gas market under the situations of New Normal and low oil prices were analyzed from the perspective of sustainable development of the natural gas industrial chain and market, by taking the Sichuan and Chongqing gas provinces as an example, which are of representative and of great significance to China in its natural gas market. The following trends were identified. First, the gas market reform will be deepened. Second, the competition among major market players will be intensified. Third, supply will exceed demand. Fourth, export tasks will be difficult. Fifth, higher demand of “guarantees of the minimum GDP, tax and profit” will be raised for local government. And sixth, low-cost strategy will be indispensable to oil and gas enterprises. In order to cater to these trends, some countermeasures were presented during the 13th Five-Year Plan. First, to improve the natural gas market system, to strengthen the supply-side reform, to complete market development modes, and to promote the introduction of governmental policies for relevant industries. Second, to develop the efficient gas-consuming clusters such as industrial parks, LNG-fueled vehicles and vessels, and distributed energy sources system, to establish innovative marketing strategy systems, and to boost the localization of resource consumption, through the establishment of strategic alliances for natural gas terminal markets in partnership with local governments and competitive enterprises, while the Chinese government is intensifying efforts in promoting energy conservation and pollution reduction and haze control. Third, to improve the cobweb pipeline network system, and to establish the strategic reserve system. And fourth, to make greater efforts to deepen internal reforms, to cut costs in a sustainable way through technological and managerial innovation, so as to respond to any changes in the natural gas market as a result of low oil prices.http://www.sciencedirect.com/science/article/pii/S2352854016300523New NormalLow oil pricesChinaNatural gas marketIndustrial chainMarket changesCountermeasuresSichuan and Chongqing gas provinces |
| spellingShingle | Zi'ang Jiang Fuping Wang Yanzhi Duan Jian Zhou China's gas market under new situations: Trends and countermeasures – Taking Sichuan and Chongqing gas provinces as an example Natural Gas Industry B New Normal Low oil prices China Natural gas market Industrial chain Market changes Countermeasures Sichuan and Chongqing gas provinces |
| title | China's gas market under new situations: Trends and countermeasures – Taking Sichuan and Chongqing gas provinces as an example |
| title_full | China's gas market under new situations: Trends and countermeasures – Taking Sichuan and Chongqing gas provinces as an example |
| title_fullStr | China's gas market under new situations: Trends and countermeasures – Taking Sichuan and Chongqing gas provinces as an example |
| title_full_unstemmed | China's gas market under new situations: Trends and countermeasures – Taking Sichuan and Chongqing gas provinces as an example |
| title_short | China's gas market under new situations: Trends and countermeasures – Taking Sichuan and Chongqing gas provinces as an example |
| title_sort | china s gas market under new situations trends and countermeasures taking sichuan and chongqing gas provinces as an example |
| topic | New Normal Low oil prices China Natural gas market Industrial chain Market changes Countermeasures Sichuan and Chongqing gas provinces |
| url | http://www.sciencedirect.com/science/article/pii/S2352854016300523 |
| work_keys_str_mv | AT ziangjiang chinasgasmarketundernewsituationstrendsandcountermeasurestakingsichuanandchongqinggasprovincesasanexample AT fupingwang chinasgasmarketundernewsituationstrendsandcountermeasurestakingsichuanandchongqinggasprovincesasanexample AT yanzhiduan chinasgasmarketundernewsituationstrendsandcountermeasurestakingsichuanandchongqinggasprovincesasanexample AT jianzhou chinasgasmarketundernewsituationstrendsandcountermeasurestakingsichuanandchongqinggasprovincesasanexample |