27 Natural gas pricing outlook Wellhead and retail prices are bound to hike because of new gas sources and imports Expect an average of 8~10% increase per annum in the next 5 years Natural gas pricing reform is expected to be implemented end of 2009 or early 2010 Pricing reform helps: –Transparency and clarity of price adjustment mechanism –Maintain price competitiveness of natural gas against alternative fuels Cost pass-through mechanism will continue to work to pass on price adjustments to users
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