The state encourages all kinds of capital to enter natural gas infrastructure

The state encourages all kinds of capital to enter natural gas infrastructure

The National Development and Reform Commission recently issued the Administrative Measures for the Construction and Operation of Natural Gas Infrastructure, which encourages and supports all types of capital to participate in the investment and construction of natural gas infrastructure included in unified planning, supports the interconnection of natural gas infrastructure, and establishes a natural gas infrastructure service trading platform. Analysts said the move could pave the way for the breakup of PetroChina.

At the same time, the Measures stipulate that natural gas infrastructure operators shall not use their control over infrastructure to squeeze out other natural gas operators; When the service capability is available, it is not allowed to refuse to provide services to qualified users or make unreasonable requests. The Measures also stipulate that if a natural gas infrastructure operator operates other natural gas businesses at the same time, it shall establish and improve a financial system, implement independent accounting for the operation of natural gas infrastructure, and ensure the authenticity and accuracy of the costs and revenues of pipeline transportation, gas storage, gasification, liquefaction, compression, etc.