China's first natural gas price hike in three years will boost revenues of importers led by...

|By:, SA News Editor

China's first natural gas price hike in three years will boost revenues of importers led by PetroChina (PTR) by billions of dollars and narrow mounting losses caused by selling the fuel at artificially low rates mandated by the government, Reuters reports. Non-residential users including industrial and commercial gas users will see a 15% jump in prices starting July 10.