Research Of Import Liquefied Natural Gas Pricing Mechanism Reform

As the world economy developing in the high demand for energy and grow a number of serious environmental pollution problems, countries pay more and more attention to the sustainable development of economy. The world needs to turn to a cleaner energy consumption structure. In order to keep the sustainable development of economy. Natural gas, as a kind of the highest cleanliness in the fossil fuel, has superior production storage, help to alleviate the tension between high energy demand and environmental protection. In the global natural gas market development, liquefied natural gas(LNG) can break the traditional regional restrictions Pipeline transportation of natural gas and promote the formation of natural gas global trade market. Since the 21 st century, China’s natural gas demand continues to rise, import of liquefied natural gas(LNG) is the most effective way to solve the disparity between supply and demand. Due to the import of liquefied natural gas pricing mechanism is not yet perfect, for the import of liquefied natural gas(LNG) Asian premium problems existing in the process, lead to China’s import of liquefied natural gas(LNG)price is on the high side. The difference between the domestic natural gas prices for liquefied natural gas(LNG) import enterprise production and operation of the adverse effect caused by restricting the development of the natural gas market in China.First of all, in this paper, current import LNG pricing mechanism and its reform process were studied; the existing problems in importing LNG pricing mechanism and their causes were analysis. Through the analysis of imported LNG pricing mechanism,it is thought that China’s current import LNG pricing mechanism existed the problem of excessive dependence on crude oil prices and obvious region, the fundamental reason is China’s current natural gas market structure is not perfect, lack of futures,spot trading hub, resulting in China’s LNG import prices a serious upside down. The development of import LNG pricing mechanism towards independence andglobalization, China ’ s import LNG pricing mechanism should make full use of natural gas futures price and the spot price for the guide to import LNG price. Second,respectively establish error correction model of the international natural gas futures prices and international spot prices, import LNG price and international spot prices,according to the results of the international natural gas futures prices and spot prices exist significant correlation, at the same time the international spot price of natural gas and LNG import prices exist significant relevance. Finally, countermeasures and suggestions on how to more reasonable reform of the imported LNG pricing mechanism were put forward, including: international natural gas futures market price as the benchmark price, reasonable LNG imports, the government still needs to play a regulatory role.