2019-12-09 13:25:00
THE NEW CHINA'S PIPELINE COMPANY
XINHUANET- BEIJING, Dec. 9 -- China on Monday set up a new centrally-administered state-owned enterprise (SOE), the China Oil & Gas Piping Network Corporation.
The company will partly be responsible for the investment, construction and interconnection of main oil and gas pipelines to form a nationwide network, allowing to transport crude oil, refined oil and natural gas through the network, it said.
Aiming to forge an oil and gas market with effective transport through a unified pipeline network, the establishment of the central SOE is an important step forward in promoting the reform of China's oil and gas system.
By interconnecting the country's oil and gas pipelines, the company will help raise the allocation efficiency of oil and gas resources and ensure safe and stable energy supply.
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Earlier:
2019, December, 2, 13:35:00
CHINA, QUATAR OPPORTUNITIES
With oil and gas as core of the cooperation between the two countries, China is currently eyeing new opportunities to join Qatar's upstream and downstream LNG industry in addition to plans of increasing its LNG imports from Qatar, while Chinese companies are tapping Qatar Petroleum (QP) to enter China's upstream energy industry and gain access to a 1.4 billion people market, China's Ambassador to Qatar, Zhou Jian, said at a press conference at his residence
2019, November, 27, 11:55:00
CHINA'S LNG IMPORTS UPDOWN
Over January-October, China imported 47.43 million mt of LNG, up 14.2% on year, the customs data showed.
2019, November, 20, 11:55:00
CHINA'S ENERGY INTERCONNECTION: $18.7 TLN
by 2050 the total investment of AEI is 18.7 trillion U.S. dollars, including 14.3 trillion U.S. dollars in power source, and 4.4 trillion U.S. dollars in power grids, creating about 150 million jobs.
