Oil and gas “one national network” completes integration
Release time:
2021-04-30
On March 31, the National Petroleum and Natural Gas Pipeline Group Co., Ltd. (hereinafter referred to as the National Pipeline Group) and the China National Petroleum Corporation (hereinafter referred to as the China National Petroleum Corporation) held an asset handover symposium. The National Pipeline Group took over the original assets at 24:00 that day. The equity interests of Beijing Natural Gas Pipeline Co., Ltd. (hereinafter referred to as Beijing Pipeline Company) and Dalian Liquefied Natural Gas Co., Ltd. (hereinafter referred to as Dalian LNG Company), a subsidiary of PetroChina Kunlun Energy, mark a key step in my country's oil and gas system reform - the asset integration of the main oil and gas pipeline network has been completed It has been fully completed and the entire oil and gas main pipeline network in my country has been connected to the grid.
According to the equity transfer agreement signed by both parties, the basic transaction consideration for the National Pipeline Network Group's acquisition of 60% equity of Beijing Pipeline Company and 75% equity of Dalian LNG Company is 40.886 billion yuan (subject to adjustment according to the price adjustment mechanism), all of which will be paid by the state Pipeline Group paid in cash. Through the joint efforts of both parties, all prerequisites for delivery have been met. After the transaction is completed, Kunlun Energy will no longer hold any equity in the underlying assets.
After the transaction is completed, the National Pipeline Network Group has basically completed the integration of the country's main oil and gas lines, further realizing the interconnection of the pipeline network and creating "one national network."
Among the assets acquired this time, the assets under the Beijing Pipeline Company are mainly the Shaanxi-Beijing pipeline system, which mainly includes the Shaanxi-Beijing First Line, Shaanxi-Beijing Second Line, Shaanxi-Beijing Third Line, Shaanxi-Beijing Fourth Line, Yongtang-Qin Pipeline, Tangshan LNG External Pipeline, The Beijing section of the Datang coal gas export pipeline, the Gangqing line, the Gangqing double line, the Gangqing third line and the two gas storage groups (Dagang and North China) have a total mileage of 5,387 kilometers, passing through Shaanxi, Inner Mongolia, Shanxi, Hebei, and Beijing , Tianjin, connecting natural gas resources in northwest, north and east China, mainly serving North China and the Bohai Rim region, with a total annual gas supply of more than 35 billion cubic meters, and is an indispensable and important part of the "National Network".
With the completion of the asset restructuring transaction of the National Pipeline Network Group, the formation of the "X+1+X" oil and gas market system has been further promoted. my country's oil and gas system will further highlight the key role of the market in resource allocation. At the same time, the national trunk oil and gas pipeline network layout of the National Pipeline Network Group has become more complete, which is of great significance for further building a "national network", improving the efficiency of oil and gas resource allocation, and ensuring national energy security. In the future, this reform achievement will further drive the construction of the oil and gas production, supply, storage and marketing system, achieve fair openness and separation of transportation and marketing, and provide strong support for the continued deepening of the oil and gas system reform achievements during the "14th Five-Year Plan" period. (Reporter Zhou Lei)
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