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The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

Author

Listed:
  • Bertrand Rioux
  • Philipp Galkin
  • Frederic Murphy
  • Axel Pierru
  • Artem Malov
  • Felipe Feijoo Palacios
  • Yan Li
  • Kang Wu

    (King Abdullah Petroleum Studies and Research Center)

Abstract

Despite significant progress made by China in liberalizing its natural gas market, certain key areas such as market access and pricing mechanisms remain heavily monopolized or controlled by the government. To assess how such distortions impact the market, we developed a Mixed Complementarity Problem model of China’s natural gas supply industry, calibrated to 2015 data.

Suggested Citation

  • Bertrand Rioux & Philipp Galkin & Frederic Murphy & Axel Pierru & Artem Malov & Felipe Feijoo Palacios & Yan Li & Kang Wu, 2018. "The Economic Impact of Price Controls on China’s Natural Gas Supply Chain," Discussion Papers ks-2018-dp31, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks-2018-dp31
    DOI: 10.30573/KS--2018-DP31
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    2. Gong, Chengzhu & Wu, Desheng & Gong, Nianjiao & Qi, Rui, 2020. "Multi-agent mixed complementary simulation of natural gas upstream market liberalization in China," Energy, Elsevier, vol. 200(C).
    3. Zhao, Xiaochun & Jiang, Mei & Wu, Zijun & Zhou, Ying, 2023. "Quantitative evaluation of China's energy security policy under the background of intensifying geopolitical conflicts: Based on PMC model," Resources Policy, Elsevier, vol. 85(PA).
    4. Luo, Guoliang & Liu, Shanshan & Yan, Xiaohui & Guo, Yiwei, 2021. "Institutional constraints to China's low carbon transition: A case study of China's coal-to-gas program," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 121-135.
    5. Lin, Boqiang & Li, Zhensheng, 2021. "Does natural gas pricing reform establish an effective mechanism in China: A policy evaluation perspective," Applied Energy, Elsevier, vol. 282(PA).
    6. Qiaochu Li & Peng Zhang, 2025. "Study of the Safety–Economy–Environmental Protection Coordination of Beijing’s Natural Gas Industry Based on a Coupling Coordination Degree Model," Sustainability, MDPI, vol. 17(6), pages 1-25, March.
    7. Boute, Anatole & Fang, Mandy Meng, 2022. "China's textbook approach to regulatory reform of the natural gas market," Utilities Policy, Elsevier, vol. 76(C).
    8. Gao, Yanyan & Zheng, Jianghuai, 2022. "Clearing the air through pipes? An evaluation of the air pollution reduction effect of China's natural gas pipeline projects," Energy Policy, Elsevier, vol. 160(C).
    9. Weiwei Xiong & Liang Yan & Teng Wang & Yuguo Gao, 2020. "Substitution Effect of Natural Gas and the Energy Consumption Structure Transition in China," Sustainability, MDPI, vol. 12(19), pages 1-20, September.
    10. Lei Wang & Yu Sun & Jining Wang, 2025. "Price Volatility Spillovers in Energy Supply Chains: Empirical Evidence from China," Energies, MDPI, vol. 18(12), pages 1-21, June.
    11. Rioux, Bertrand & Shabaneh, Rami & Griffiths, Steven, 2021. "An economic analysis of gas pipeline trade cooperation in the GCC," Energy Policy, Elsevier, vol. 157(C).
    12. Markus Brueckner & Haidi Hong & Haiyan Lin & Joaquin Vespignani, 2025. "Effects of Government Regulation of Diesel and Petrol Prices on GDP Growth: Evidence From China," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 58(4), pages 299-315, December.
    13. Xu, Mengmeng & Lin, Boqiang, 2022. "Energy efficiency gains from distortion mitigation: A perspective on the metallurgical industry," Resources Policy, Elsevier, vol. 77(C).
    14. Wei, Qi & Zhou, Peng & Shi, Xunpeng, 2023. "The congestion cost of pipeline networks under third-party access in China's natural gas market," Energy, Elsevier, vol. 284(C).
    15. Wang, Xiaolin & Qiu, Yangyang & Chen, Jun & Hu, Xiangping, 2022. "Evaluating natural gas supply security in China: An exhaustible resource market equilibrium model," Resources Policy, Elsevier, vol. 76(C).
    16. Markus Brueckner & Haidi Hong & Joaquin Vespignani, 2023. "Regulation of Petrol and Diesel Prices and their Effects on GDP Growth: Evidence from China," CAMA Working Papers 2023-17, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    17. Jia, Weidong & Gong, Chengzhu & Pan, Kai & Yu, Shiwei, 2023. "Potential changes of regional natural gas market in China amidst liberalization: A mixed complementarity equilibrium simulation in 2030," Energy, Elsevier, vol. 284(C).
    18. Wang, Peng & Yang, Muyi & Mamaril, Kristy & Shi, Xunpeng & Cheng, Beibei & Zhao, Daiqing, 2021. "Explaining the slow progress of coal phase-out: The case of Guangdong-Hong Kong-Macao Greater Bay Region," Energy Policy, Elsevier, vol. 155(C).

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    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • D2 - Microeconomics - - Production and Organizations
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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