关于加快我国天然气金融市场发展的思考

A discussion about accelerating the development of natural gas financial market in China

在我国天然气市场化改革进程中,金融支持能源发展是一个重要的组成部分。上海石油天然气交易中心的成立,对于天然气价格的确定,以及天然气金融产品的推出都奠立了坚实的基础;国际成熟的天然气金融市场也为我国天然气市场化改革提供了借鉴。为实现能源革命以及能源市场化与供给侧改革,基于天然气市场金融化及其功能,从天然气国际金融、融资、定价、投资、消费等方面,分析了我国天然气金融市场发展现状以及存在的诸多问题,认为在现代天然气市场体系建设过程中,要加快金融市场发展,促进产融结合和天然气市场改革向纵深发展。进而提出了突出政府金融管理的主导地位、适时建立天然气期货市场、推进天然气产融结合多样化、加强交易规则与风险管控、创新国际合作方式等一系列建议,以期推动我国天然气金融市场的发展。

Exerting the financial impact on energy development will be an essential part in the process of natural gas market reform in China. In addition to those globally-known natural gas hubs being referred to, the establishment of Shanghai Oil Gas Trade Center lays a robust foundation for determining natural gas prices and launching gas-related financial products. For the realization of such goals as energy revolution, energy marketilization and supply-side reform, it is significant to make an analysis, based on the natural gas market financialization and its functions, on the present status of natural gas financial market development in China and the existing problems in terms of international finance, equity trading, pricing, investment, consumption, and so on. It was suggested that in the construction of a modern natural gas market system, financial market development should be speeded up, industry and finance be integrated, and gas market reform be developed both in scope and in depth. Some other proposals were also presented here including the highlight on the government-domination of financial management, timely establishment of natural gas futures market, diversified combination of natural gas industry and finance, intensification of trading rules and risk control, innovation of transnational cooperation ways, and so on, in order to further promote the natural gas financial market development in China.