CNPC spins off natural gas sales, pipeline units
By Zheng Xin | China Daily | Updated: 2016-12-01 07:27
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.
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