Opportunities and Risks of Natural Gas Investment in China under the Circumstance of Low Oil Prices

• 来源期刊: 中国油气（英文版）
• 年，卷（期）: 2017,（3）
• 页码范围: 44-48,53
• 页数: 6页
• 语种: 英文

摘要

After more than 30 years of rapid growth,the Chinese economy has entered the "new normal" of moderately high growth.Due to the effects of multiple factors,the international oil price has remained consistently low.The low oil price has exerted critical effects on international natural gas investment.At the same time,the market-oriented price mechanism of natural gas in China is gradually taking shape;the concept of low carbon development is widely advocated;and the use of natural gas gains popularity in the city.Such factors provide great opportunities for investment in the natural gas market of China,including boiler coal-to-gas transformation,natural gas distributed energy and natural gas vehicles.However,risks also exist,such as the lower competitiveness of naturaI gas,its excess production capacity and dwindting consumption in some gas consumption industries,an insufficient driving force for facilitating the coal-to-gas transformation of industrial fuel users,reverse substitution of "coal in place of gas" in some enterprises,nontransparent costs of the downstream link of the natural gas price chain,and mismatches and nonsynchronous adjustments in natural gas prices and electricity prices.