Sunday, May 24, 2015   

China to increase natural gas supply
(04-23 16:16)

China will raise its natural gas supply to as much as 420 billion cubic meters per year by 2020 amid rising demand due to urbanization, a government statement said on Wednesday.
The increased supply will cater to the rising demand for natural gas in people's daily lives, schools, nursing homes, home heating, as well as in buses and taxis, a statement on the central government website said.
The supply increase is also driven by the nation's efforts to mitigate air pollution stemming from an over-reliance on coal, the statement said.
To expand natural gas production, investment in gas storage facilities as well as their construction and operation will be open to all market players, the statement said.
Meanwhile, companies will also have the option to issue bonds to raise capital for the construction of storage facilities. The government will offer favorable land policies for storage facility projects, the statement said.
Data showed that natural gas consumption in China hit nearly 170 billion cubic meters last year. --Xinhua   
Other Business breaking news:
Hang Seng, Shanghai end higher (05-22 16:39)
Margin trading exceeds 2 trillion yuan, propelling risky rally in China markets (05-22 16:14)
German business confidence wanes (05-22 16:08)
Year end start for China led development bank (05-22 16:06)
European equities open higher (05-22 15:33)
Domestic demand lifts German economy (05-22 14:40)
Wal-Mart decides to bypass Li and Fung (05-22 14:28)
Nikkei edges up at close (05-22 14:25)
Hang Seng, Shanghai rally (05-22 12:45)
Goldin Financial shares rebound by 3.6pc (05-22 12:43)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.