Key insights from international experiences and the implications for China
This report systematically examines the key points for natural gas liberalisation
and regulatory reform in Europe and the United States over the past decades. It addresses
market design, third-party access, capacity allocation, trading centre formation,
pipeline tariff setting, and regulatory measures. In addition, the report analyses
the transition process itself and identifies the related measures that can help national
markets become more openly competitive. Based on these international experiences,
the report then looks at the current situation of natural gas liberalisation in the
People’s Republic of China, focusing on the importance of designing a suitable framework
for the natural gas market by using best-policy tools.
The central goal of this report is to allow policy makers in China to benefit from
international experiences to effectively promote the current liberalisation, the success
of which will also greatly influence the global industrial development of gas.
This report is the result of a project involving relevant Chinese, European, and United
States institutions under the overall oversight of the International Energy Agency.