PetroChina calls for gas loss

Was widely questioned hundreds of millions of yuan a day, but continued to call for losses or even obtain state subsidies of China's oil (601857.　　SH), again emitting a sound of gas loss. March 21, China Petroleum Finance director Zhou Mingchun in Shanghai, "PetroChina's 2010-year performance release statement" said that in 2010, the company imported 4.3 billion cubic meters of pipeline natural gas from Central Asia, because the import of natural gas and domestic gas in sales price upside down, resulting in the import of natural gas under the pressure of loss, "　　Amplitude of about 0.88 Yuan/cu m. "　　According to Zhou Mingchun said, PetroChina 2010 only the above imports of natural gas loss of more than 3.7 billion yuan.　　For the above-mentioned import data, PetroChina Annual report said that in 2010 the company's total gas production amounted to 63.5 billion cubic meters, sales of about 63 billion cubic meters.　　Compared with the production of the west-East gas pipeline in 2003, its output has increased several times, but these resources do not meet the strong demand in the domestic market, and some resources have to rely on overseas imports. The information from the customs information shows that 2010 China's imports of pipeline gas 3.61 billion cubic meters, the total amount of imports reached 990 million U.S. dollars, all of these resources from the west-East gas pipeline project.　　But this data and PetroChina release data disparity.　　It is noteworthy that the customs statistics also show that 2010 China's export pipeline gas up to 4.06 billion cubic meters, an increase of 25.6%. According to these data, the 2010-year oil imports of Central Asian natural gas to the Xinjiang port before the pre-tax price of about 1.92 yuan/cubic meters.　　"A trade information analyst said.　　This reporter learned that the current Xinjiang local oil field gas wellhead price is only 0.79 Yuan/cu m 1.21 yuan/cu m, this is what Zhou Chunming said 0.88 yuan/cubic meters of the source of loss.　　In recent years, PetroChina has repeatedly called for gas price adjustment and pricing reform on the basis of its imports of natural gas losses, while stressing the need for natural gas imports. Prior to the oil group headquarters officials said, "If there is no import gas, then the extreme cold of the millennium, China's winter will be difficult to ensure that there is no gas shortage."　　"PetroChina's annual report also shows that 2010 years of oil and gas and pipeline business income of 117.043 billion yuan, turnover increased by 50.7%, and operating profit is only a 7.2% increase from the previous year, to 20.415 billion yuan." PetroChina did not disclose the specific operating income of non-imported natural gas. However, a PetroChina executive said: "Some of the profits from domestic gas fields make up for the loss of imports."　　"The gas shortage has been a domestic concern for some time recently." In order to mobilize the enthusiasm of domestic enterprises in June 2010, the central government promulgated the policy of natural gas price adjustment, the oil and gas field natural gas factory benchmark price increase of 230 yuan/thousand cubic meters, expand the price fluctuation range, will be the factory benchmark price allowed to float the amplitude of uniform to float 10%, not limited, That both supply and demand can be in no more than the factory benchmarkPrice 10% under the premise of negotiations to determine the specific price. But the plan did not stop PetroChina's call for natural gas price adjustments. "I have been involved in the reform of gas pricing mechanism from the enterprise level, the overall direction is now very clear, that is, in accordance with the direction of marketization." But (the market reform of natural gas pricing) needs a process, after all, it concerns the livelihood of the nation.　　"Zhou Mingchun said. Zhou Mingchun also said: "For natural gas business, we are confident that we have the conditions to take a step, when the situation is complicated, stop and see." According to Xu Jianmei, deputy economist of the PetroChina Planning department, PetroChina expects CBM production this year to reach 600 million cubic meters from 280 million cubic meters in 2010 and up to 4 billion cubic meters by 2015. Responsible Editor: NF045