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2007 June 1   06:28

China plans to introduce new regulations on natural gas imports

The Chinese Government plans to introduce new measures on June 10 to regulate imports of natural gas in order to protect its three major gas importers from intense domestic competition. From June 10, each application for an import permit will be examined and approved.
China aims to slash its energy consumption per 10,000 yuan of GDP by 20% by 2010 so natural gas, seen as an ideal way to meet this target, is now in huge demand nationwide.

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