Study On Development Of Gas Pricing Center In The European Union

In recent years,with the deepening of the reform of the energy system,China has proposed a series of measures to promote the natural gas industry chain structure towards competition.As an important market for natural gas consumption in the world,the European Union countries natural gas market development are similar to the situation of our country in the early stage.After several years development and maturity,EU has established a regional pricing center.To promote the development of China's natural gas industry chain actively and steadily,and strive for the pricing of natural gas in the Asia Pacific region,we should learn from the successful experience of foreign regional pricing centers.Therefore,this paper will focus on the European regional natural gas pricing center and discuss:1)what is natural gas regional pricing center?2)who is EU regional gas pricing center?3)the historical evolution and development path of EU regional gas pricing center,4)formation reasons of British Natioanal Balancing Point,5)the operation mechanism,market transaction relationship and pricing model of NBP.Through the research,we have an overall,detailed and thorough understanding of the EU's virtual regional gas pricing center.Ultimately,five conclusions were drawn:1)The regional gas pricing center is a physical or virtual point,which is a trading platform that discovered the spot and futures market prices through a large number of transactions,attracting natural gas trading in the region regards this price as a reference,and radiation to the entire area;2)The National Balancing Point in British is the EU regional gas pricing center;3)The European Union's natural gas market has experienced the liberalization of the EU gas market,the establishment of the gas trading hub and the development of the regional gas pricing center;4)The main formation reasons of the NBP EU regional gas pricing center are the competitive natural gas industry chain structure in British,natural gas pipeline network,ample market liquidity,mature capacity trading,as well as fair and transparent market environment;5)The operation mechanism of the EU regional natural gas pricing center is mainly based on the System Balance of the national pipeline network to realize the market transaction and market liquidity.