In a call for Beijing to raise gas prices, China's top oil and gas producers PetroChina and Sinopec said government-controlled prices for natural gas discouraged them from investing in gasfields, state media reported. PetroChina said it plans to more than double its current gas production to 45 billion cubic metres by 2010, or about 70% of the country's total gas output. But if prices remain lower than market levels, then there is less incentive to invest further and reach that target, according to Tang Yali, vice-president of the Natural Gas & Pipeline Company under PetroChina.
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