PetroChina maintains stable gas contract prices despite West Asia conflict

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PetroChina Freezes Gas Prices Amid West Asia Conflict, Shields Industries

A cyclist waits to cross a road near a Sinopec gas station in Beijing, China. File/Reuters

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Firstpost•18-03-2026, 14:08

PetroChina Freezes Gas Prices Amid West Asia Conflict, Shields Industries

•PetroChina will keep gas contract prices largely unchanged this year, protecting industrial consumers from global energy cost surges.
•The decision aims to cushion domestic industries and support China's gas market development, retaining last year's upper price limit.
•China is well-prepared for global gas market volatility due to high inventories built last year.
•Despite a halt in Qatari LNG, which accounts for 6% of China's consumption, the impact has been contained.
•Domestic supply and abundant coal, along with cautious market reforms, help cap price pressures in China.

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