China plans national oil and gas pipeline company

• Posted in OilGas
• on March 20, 2019
• No Comments.

* A top-level communist party body meeting chaired by President Xi Jinping approved guidelines on oil and gas pipeline operation mechanism reform on Tuesday, state television reported

* China will form a state-controlled oil and gas pipeline company with diverse investors, it said

* The national company, a highly anticipated reform announced by China’s state planner earlier this month, was put in place to guarantee secure and stable supplies of oil and gas, the state media said

* Creating a central oil and gas operator will help China’s state-owned energy companies separate the cost of pipeline transportation from the sale of oil and gas.

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