Research On Establishing China’s Natural Gas Pricing Benchmark

The 30 years of reform and opening up.China’s economy on the orbit of rapid development,the Chinese gas market is under the guidance of industrial policy for many years to keep more than 15%of the country’s average annual growth,the natural gas market is worth billions of cubic meters of water level,China has become the countries of the world’s natural gas consumption ranked fourth.Due to a variety of factors,however,high cost of domestic natural gas exploration,unrealized open infrastructure,lack of competition in the market,through the real market situation of supply and demand to reflect the value of the natural gas market,imports of difficult to digest long,through its own natural gas pricing benchmark for the international trade of natural gas has become a stumbling block for the further development of China’s natural gas market.This paper introduces the basic situation of China’s reform of the natural gas market,the problems in the public sector and government management function,combined with the successful foreign experience of reform,the government of our country further play to the public management function,introducing competition for China’s natural gas market,the formation of pricing benchmark and provides policy advice for international pricing power.In terms of research method,combining the theory of public management,price management and industrial economics as the theoretical basis of research results,using the method of literature on the quantitative and qualitative,comparative analysis,summarizes the successful experience of national natural gas market reform,it analyzes China’s current policy environment,infrastructure environment,natural gas market pricing mechanism of contradictions and challenges,such as clear to establish China’s natural gas pricing benchmark ideas and key points.Finally,the overall plan of pricing benchmark is based on natural gas market reform as the center,will open,orderly and diverse,the competition of the market system,reflect market supply and demand of the price system and green taxation system,and service management system of natural gas with legal protection as three pillars of offer escort,eventually forming natural gas with sufficient liquidity spot market and futures market,keep pace with America Henry Hub and British NBP of global pricing benchmark.