Oil & Gas:A prelude to the tariff reform
A move intended to reduce consumer burdens to boostconsumption. Hebei’s gas consumption fell sharply this year(-7%/-11%/-32% YoY in Feb/Mar/Apr). The new guidanceshowed a clear government intention to monitor transmissioncost more closely, cut the cost, and release the pent-up demandfor gas. The existing IRR cap of 8% has failed to work in thepast. The new requirements, […]