LNG

China shows its intent with new open access guidance

New guidelines for third-party access to China’s oil and gas infrastructure underscore Beijing’s desire for more independent companies to invest in critical supply assets New guidelines for third-party access to China’s oil and gas infrastructure underscore Beijing’s desire for more independent companies to invest in critical supply assets.
By Tang Tian 8 August 2018 0 32062
The Dapeng LNG terminal in China CNOOC’s Dapeng LNG terminal. (GDLNG)

China’s new draft guidance on open access to oil and gas infrastructure marks the government’s latest effort to encourage companies besides the three state oil giants to invest in assets such as pipelines, LNG terminals and underground gas storage depots.

State planning agency the National Development and Reform Commission (NDRC) released the guidance document for public consultation on Friday. It contains more detailed policies than the original ‘trial implementation’ guidelines released in February 2014, which suggests the authorities are getting...