New central SOE set up to manage oil, gas pipelines

Time:2019-12-10 09:52:51      Source:China.org.cn

China on Monday set up a new centrally-administered state-owned enterprise (SOE), the China Oil & Gas Piping Network Corporation.

The company will partly be responsible for the investment, construction and interconnection of main oil and gas pipelines to form a nationwide network, allowing to transport crude oil, refined oil and natural gas through the network, it said.

Aiming to forge an oil and gas market with effective transport through a unified pipeline network, the establishment of the central SOE is an important step forward in promoting the reform of China's oil and gas system.

By interconnecting the country's oil and gas pipelines, the company will help raise the allocation efficiency of oil and gas resources and ensure safe and stable energy supply.

Index RMB/t DoD Basis Date
Datong 5500 395 0 ex-mine 01-22
Shuozhou 5200 425 0 FOR 01-22
Ordos 5500 325 0 ex-mine 01-22
Yulin 6200 425 0 ex-mine 01-22
Liulin Low-sulphur 850 0 ex-mine 01-22
Gujiao Low-sulphur 1480 0 FOR 01-22
Xingtai Low-sulphur 1610 0 ex-Factory 01-22
Yangquan PCI 740 0 FOR 01-22
Index RMB/t WoW WoW% Date
Qinhuangdao 449.5 -37.0 -7.61 01-16
Caofeidian 367.4 7.4 2.06 01-16
Huanghua 184.4 10.8 6.22 01-16
Guangzhou 249.5 -17.9 -6.69 01-16
coastal 6PPs 1497.8 4.3 0.29 01-16
North Ports 2172.4 -64.9 -2.90 01-16
Yangtze River delta 1259.4 -16.6 -1.30 01-16
South Ports 2866.7 -32.7 -1.13 01-16
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