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Policy & Regulation

PetroChina’s Kunlun prepares for pipeline reform

With its midstream pipeline network expected to be taken over by a national pipeline company, China’s Kunlun Energy is increasingly turning its focus to its downstream business With its midstream pipeline network expected to be taken over by a national pipeline company, China’s Kunlun Energy is increasingly turning its focus to its downstream business.
By Tang Tian 5 September 2019 Asia Pacific / Companies & Finance 0 34547
An LNG tanker at the Tangshan terminal. (Engie)

The key issue: Kunlun Energy, the gas retail arm of PetroChina, is taking steps to expand its downstream distribution business as it gears up for reforms that will see its pipelines taken over by a national company.

Interfax analysis: The recent news that Kunlun Energy will acquire 17 city gas assets across China should be seen as part of the company’s strategy to expand downstream to compensate for the loss of its midstream pipeline business. Kunlun can be expected to initiate more takeovers as its pipeline business...