【正文】 rating specific economic supervising affairs from policymaking function ?To be concerned with social welfare ?Enacting laws and regulations to protect consumers’ interests ?Taking the policy of privatizing stateowned assets ?Introducing and promoting petition, including separating gas supply and pipeline transporting ?Establishing supervising anizations under government control ?Requiring general service Development Stage Typical Government Targets Relevant Natural Gas Policies 4. Mature Stage ?To regulate market operations through petition ?To improve market efficiency ?To improve government supervision and get restricted to natural monopoly field ?Formulating and implementing the policy encouraging market participation ?Establishing high efficient resource trading market ?Canceling government supervision over perfect petition fields Summary of Natural Gas Legislation ? Different development stages require different regulating systems, different levels of market openness and corresponding legislation. ? Based on our actual conditions, use foreign experience in legislation for reference ? Developed countries and regions like US, UK and EU ? Countries experiencing economic transformation ? Developing countries like India and Brazil Current PetroleumNatural Gas Legal System in China ? Current petroleumnatural gas legal system in China consists of laws, administrative regulations, departmental regulations and regulatory documents. the system of petroleum resource ownership the system of petroleum mining right the system of exploiting ashore and offshore petroleum resources through cooperation with overseas partners the system of petroleumgas pipeline protection the system of petroleum seismic prospecting damage repair the system of petroleumgas price control the system of petroleum environmental protection the system of production operation management of petroleumgas industry the system of safety in petroleumgas production the system of financial expense of taxation 1 the system of labor insurance in the petroleum industry 1 the system of national petroleum corporations Current PetroleumNatural Gas Legal System in China system of petroleum resource ownership ? Main legal regulations: ? Mineral Resources Law, Detailed Rules for Implementation of Mineral Resources Law , Administrative Provisions on Mineral Resources Depletion Charges, Provisions on Mining Royalty in Exploiting Offshore Petroleum Resources and Regulations on Geologic Information Management ? Provisions: ? Mineral resources belong to the national state, and the ownership is exercised by the State Council. Both the overground and underground mineral resources belong to the state, which do not change with the ownership or right of use of the land transfer. ? The State pensates for the exploitation of petroleum resources. The exploiters pay mineral resource depletion charges to the state in proportion to sales ine of crude oil and natural gas. Current PetroleumNatural Gas Legal System in China 2. the system of petroleum mining right ? Main legal regulations: ? Mineral Resources Law, Detailed Rules for Implementation of Mineral Resources Law , Administrative Procedures of Mineral Resources Survey Section and Block Registration, Administrative Procedures of Mineral Resources Exploitation Registration and Administrative Procedures of Exploration and Mining Rights Transfer ? Provisions: ? To explore, exploit petroleum and natural gas in China or waters under its rule, it’s necessary to settle certain formalities and apply for licenses to get exploration and mining rights. Current PetroleumNatural Gas Legal System in China 3. the system of exploiting ashore and offshore petroleum resources through cooperation with overseas partners ? Main legal regulations: ? Regulations on Exploiting Ashore Petroleum Resources through Cooperation with Overseas Partners , Regulations on Exploiting Offshore Petroleum Resources through Cooperation with Overseas Partners ? Provisions: ? CNPC and SinoPec are responsible for exploiting ashore petroleum resources through cooperation with overseas partners and have the exclusive right to explore, exploit and produce petroleum in the areas granted by the State Council. ? China National Offshore Oil Corporation is responsible for exploiting offshore petroleum with overseas partners and enjoys the exclusive right to explore, exploit and produce petroleum in cooperative sea areas. Current PetroleumNatural Gas Legal System in China system of petroleumgas pipeline protection ?Main legal regulations: ? Regulations on Petroleum and Natural Gas Pipeline Protection ? Regulations on the Interrelationship between Long Transporting Pipelines of Crude Oil and Natural Gas ? Interim Provisions on Safety Supervision and Management of Petroleum and Natural Gas Pipeline Current PetroleumNatural Gas Legal System in China system of petroleum seismic prospecting damage repair ?Main legal regulations: ? Provisions on Petroleum Seismic Prospecting Damage Repair Current PetroleumNatural Gas Legal System in China 6. the system of petroleumgas price control ?Main regulatory documents: ? Circular on Measures to Perfect Petroleum Price Integration and Adjusting the Product Oil Price ? Circular on Regulating Natural Gas Price Control Current PetroleumNatural Gas Legal System in China 7. the system of petroleumnatural gas environmental protection ?Main legal regulations: ? Marine Environmental Protection Law ? Management Proce