PetroChina : China to See Further Marketization upon Unified Gas Pipeline Operator
The Chinese natural gas sector will see increasing competition and a higher number of players in the supply side building upon the expected establishment of a unified national gas pipeline operating company, an industry insider has said.
It`s highly possible that
The establishment of the national gas pipeline company would make it possible to separate transmission and marketing of natural gas, Chen said. "The fair access of natural gas pipeline to the third party would have a realistic foundation."
Natural gas suppliers would be diversified after the separation of transmission and marketing of natural gas, said Chen, adding that the price system of natural gas would become more enriched and the trading of pipeline gas would start to take off.
In the first place, all downstream players could choose from
Now Chinese state-owned oil and gas companies have an integrated business model with
Chen predicted that
Chinese town gas companies could move to the upstream and international oil companies could enter the Chinese downstream gas market by tapping the national natural gas pipeline company, according to Chen.
Efforts would be made to step up the construction of gas infrastructure following the establishment of the national gas pipeline company, Chen added.
SHPGX and CNOOC would continue to issue third-party access products with LNG receiving terminals in 2019 with a long-term contract and the spot trading mode available, said Chen.
The establishment of a national oil and gas pipeline company would be subject to the reform of national petroleum and natural gas system, and the proper timing of unveiling the national oil and gas pipeline company is under discussion, said
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