Mixed ownership reform is expanding to natural gas

Mixed-ownership reforms are expanding into the natural gas industry. Following Sinopec's first initiation of the mixed ownership reform to introduce private capital in the field of oil and gas sales, PetroChina also said that the company is actively promoting the pace of reform of oil and gas development. Analysts said that at present, resources such as upstream gas sources, imports, and intermediate pipelines in the natural gas industry are concentrated in the hands of the three major oil groups, hindering the rapid development of the industry. The mixed ownership reform may become a driving force for the development of the natural gas industry.

In this regard, many senior executives of large gas companies and LNG plant personnel expressed the same position, full of expectations for cooperation with large state-owned enterprises such as Sinopec and PetroChina, but before the specific rules were issued, the wait-and-see mood was obvious. From the perspective of the cooperation areas they are concerned about, whether it is a gas company or an LNG plant, the pipeline in the intermediate link and the opening of the authority of the imported LNG receiving station are the focus of their greatest concern.