In Depth: New Pipeline Network Shakes Up China’s Natural Gas Dynamics

Caixin Global | Jul 1, 2021 at 7:57 PM
  • China’s recent love affair with natural gas is taking a new twist, following last year’s creation of a national pipeline network.
  • Years in the making, the new company took over the oil and gas pipeline assets, storage facilities and import terminals of the three state-run majors, with CNPC, which does business under the name PetroChina, contributing the most assets.
  • At the same time, PetroChina — the biggest loser after PipeChina’s creation due to the loss of its extensive and exclusive network in many parts of the country — is stepping back to figure out its next steps.