Top officials from China’s two largest oil and gas producers have urged the government to offer tax breaks for the building of gas storage facilities and importing liquefied natural gas (LNG) to help avoid another gas crunch in the winter ahead. Vice President Ma Yongsheng said the central government should subsidize the construction of underground gas storage, LNG tanks and other facilities. China National Petroleum Corp (CNPC) [CNPET.UL] President Wang Yilin urged the government to refund value added tax on LNG imports to lower gas costs for consumers. Members of parliament and the Chinese People’s Political Consultative Conference, the Communist Party’s largely ceremonial advisory body, are encouraged to submit suggestions for future legislation during the current Parliament […]