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Policy & Regulation

Clock ticking on China’s long-awaited pipeline reform

Time is running out for China to kickstart the process of establishing a national pipeline company this year as Asia’s largest gas market is approaching its busiest season Time is running out for China to kickstart the process of establishing a national pipeline company this year as Asia’s largest gas market is approaching its busiest season.
By Colin Shek 6 September 2019 Asia Pacific / Policy & Regulation 0 34557
Construction of the WEP 2 system in China. (CNPC)

September could be the last chance in 2019 for China’s energy policymakers to formally announce a landmark plan to combine the vast oil and gas pipeline networks of the country's three NOCs into one company. The reform is intended to spur wider gas distribution and upstream exploration, and would represent the boldest reshuffle of the state-dominated oil and gas industry in decades.

The reform is expected to pave the way for further liberalisation of China’s energy sector. In theory, the pipeline company should give equal access...