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    China signals deeper reforms in oil, gas and power -state media

Summary

The Chinese Communist Party's commission for deepening reforms on Tuesday approved a wide range of proposals for markets including the country's power networks and oil and natural gas markets, state broadcaster CCTV reported.

by: Reuters

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Political, News By Country, China

China signals deeper reforms in oil, gas and power -state media

BEIJING, July 11 (Reuters) - The Chinese Communist Party's commission for deepening reforms on Tuesday approved a wide range of proposals for markets including the country's power networks and oil and natural gas markets, state broadcaster CCTV reported.

China will further reform and accelerate the construction of a power system that is "economically efficient, flexible and intelligent in supply and demand coordination", the commission said.

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In the oil and gas markets, China will focus on "improving national oil and gas security capabilities ... and ensure stable and reliable supply", the commission stated.

 

(Reporting by Beijing Newsroom Editing by David Goodman)