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Economic Planner Moves to Rein in Rocketing Liquefied Natural Gas Prices

By Huang Kaixi, Deng Yucong and Coco Feng
Liquefied natural gas prices have doubled in some regions over the past three months. One Xinjiang Uyghur autonomous region supplier had tripled the price to 6,300 yuan ($952) per ton by Sunday from early September. Photo: Visual China
Liquefied natural gas prices have doubled in some regions over the past three months. One Xinjiang Uyghur autonomous region supplier had tripled the price to 6,300 yuan ($952) per ton by Sunday from early September. Photo: Visual China

China’s top economic planner is moving to rein in natural gas prices, as the country experiences a fuel shortage amid a national campaign to replace coal with cleaner energy.

Liquefied natural gas (LNG) suppliers shouldn’t stockpile fuel to boost prices or collude to fix prices, the National Development and Reform Commission (NDRC) told its 11 branches across the northern China in a Monday meeting, urging them to intensify oversight of the industry and stabilize prices.

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