BEIJING, Oct 12 (Reuters) - China's National Development & Reform Commission (NDRC) said on Wednesday that it will allow for a net 8 percent yield on investments in natural gas pipelines, part of its pledged reform to lower the transportation cost for the cleaner burning fuel.
The new yield, lower than previous rates of 10 to 12 percent, applies to pipelines with a utilization ratio of at least than 75 percent, the state planner said.
The NDRC also said it will adjust natural gas pipeline transportation prices once every three years.
The new policy takes effect from Jan 1, 2017, the agency said.
(Reporting by Meng Meng, Chen Aizhu and Beijing monitoring team; Editing by Christian Schmollinger)
Copyright 2016 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you