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Analysts said the government's plans for the new area will likely further boost sentiment toward stocks of related companies headquartered in Beijing, Tianjin and Hebei province.

Analysts said Russia has also been a major source of crude for China, and the pipeline will be one of the latest energy cooperation between the two countries, which will help ensure China's energy diversification.

Analysts said the pipeline will help meet gas demand in the Beijing-Tianjin-Hebei region during the heating season, which is mostly reliant on pipeline imports.

And he was impressed by the development of China, and highly values the chance to have close communications with senior officials of the CPC.

Analysts said the stable price came due to a variety of factors with the weak seasonal demand for the fossil fuel offsetting building of coal stockpiles for winter.