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CNPC spins off natural gas sales, pipeline units

By Zheng Xin ( China Daily ) Updated: 2016-12-01 07:27:28

Move will fuel market reform of natural gas sector, help formulate market-oriented prices

China National Petroleum Corp will split its natural gas sales and pipeline units, a move which will further accelerate natural gas industry reform and promote a market-based pricing system for the sector.

The newly separated pipeline company will be responsible for all pipeline-related operations, while the corporation will establish five individual natural gas sales companies.

CNPC spins off natural gas sales, pipeline units

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