China Gas Expects State Approval `Soon’ to Increase Natural Gas Prices

China Gas, based in Shenzhen, is in talks with some provincial governments to establish a “mechanism” to pass increases in natural gas prices to customers, said Volen He, deputy general manager of investor relations.

China, which controls energy prices to limit inflation, is lifting domestic gas prices to bring them closer to soaring global levels. The Chinese government raised prices by 15 percent at the end of last year, and said rates should gain by about 8 percent annually.

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