Far East Energy Corp. (fka FEECQ)

[hebercreeper]

China to Raise Nonresidential Natural-Gas Prices

http://www.nasdaq.com/article/china-to-raise-nonresidential-naturalgas-prices-20140812-00626

"Those with higher exposures to direct distribution, commercial and industrial customers--rather than residential users--will see the greatest upside as industrial prices are usually raised faster than residential prices," she said.

The NDRC said China's natural-gas consumption has been growing at an average rate of 15% a year and that domestic production isn't enough to meet demand. As a result, natural-gas imports--which are more expensive--have risen each year, adding to pressure to accelerate domestic pricing reform, it said. China imported 53 billion cubic meters of natural gas in 2013, or about 30% of its total needs, according to the NDRC.