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China Forces Energy Giants to Share in Pipeline Reform Preview

  • Beijing opening pipeline, port access to boost energy security
  • CNOOC, CNPC have been sending LNG cargoes to Sinopec terminals
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China’s top natural gas buyers have been directed by regulators to share import infrastructure, one of the broadest government efforts yet to enforce reform policies aimed at bolstering energy security and breaking down market barriers between the nation’s three state energy giants.

The move comes as the world’s biggest gas buyer nears the formation of a new nationwide pipeline network to transport the fuel freely across the country, part of its drive to replace coal in many applications with cleaner burning gas.