He believes that my country’s natural gas market has not yet formed full competition, and PetroChina occupies nearly 80% of the market share. The government can consider appropriately liberalizing the upstream market, allowing market entities to fully industrialize, and independently negotiate prices with downstream users. Han Xiaoping said, “The natural gas market in many countries is characterized by diversified competition, so the current gas price is not higher than ours. In many countries, it is actually possible to make money. If PetroChina and Sinopec cannot make money because of this, then it has to do with their operating mechanisms. Does it matter?”
“Only when more competitors enter this market can the supply of natural gas be guaranteed.” Han Xiaoping believes. (Reporter Zhong Jingjing)
This article is reprinted on Sina: http://news.sina.com.cn/c/2009-11-23/060819105884.shtml